Technical Analysis for DATA/USDT
Current Price: $0.04961
24h Change: +12.80%
Key Technical Indicators:
Resistance Levels:
Level 1: $0.05100 (Previous high, strong resistance zone)
Level 2: $0.05250 (Potential resistance from recent highs)
Support Levels:
Level 1: $0.04349 (Recent 24h low)
Level 2: $0.04442 (SAR value, potential support)
Momentum:
Positive momentum as seen from the +12.80% increase in the last 24 hours. The price is above the SAR (0.02, 0.2) of $0.04442, indicating a bullish trend.
Trade Signal:
Long Position (Buy): Enter around $0.04950 (current price)
Stop Loss: $0.04400 (below SAR and support levels)
Target Levels:
Target 1: $0.05150 (Short-term resistance)
Target 2: $0.05250 (Potential resistance)
Target 3: $0.05500 (Longer-term target)
Trade Momentum:
The price has been rising steadily, with strong positive momentum. Watch for any significant pullbacks to support levels, especially around $0.04442, which could confirm further upward movement.
Summary:
A bullish signal is evident, and DATA/USDT is showing positive momentum. Traders may consider buying at current levels, with targets around $0.05150, $0.05250, and $0.05500. Be cautious of support around $0.04442.
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