Binance Technical Analysis: ONE/USDT – Three Key Targets to Watch 🎯
As ONE/USDT gains momentum with a recent surge of 14.56%, it’s essential to identify the key levels to watch for potential price movements. Let’s dive into a brief technical analysis, highlighting three key targets for traders:
1. Target 1: $0.01683 – Immediate Resistance
Current Price: $0.01668
Key Resistance: The price has been pushing toward the $0.01683 level, where significant sell orders are concentrated. This marks the immediate resistance zone. If ONE manages to break through this level, it could trigger further bullish momentum.
Why watch this level?
A breakthrough at $0.01683 could lead to a continuation of the uptrend, signaling a strong bullish breakout.
2. Target 2: $0.01750 – Next Major Resistance Zone
Potential Resistance Level: $0.01750
As the upward movement continues, we expect the next significant resistance around $0.01750. If the price tests and breaks this level, ONE/USDT could gain even more traction, potentially extending its rally.
Why watch this level?
A solid breach of $0.01750 would confirm that the market is entering a higher price range, which could bring in more buying pressure from traders.
3. Target 3: $0.01375 – Support Zone for Pullbacks
Key Support: The price has seen consistent support around $0.01375. If the market faces a pullback or consolidation, this level will be crucial for buyers looking to enter at a lower price.
Why watch this level?
This support level, along with the Parabolic SAR indicator at $0.01548, suggests a potential area of interest for bulls to accumulate more positions before the next upward move.
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