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Right now, the price of the asset is at 0.9789 📊. This is a crucial level because if the price starts to fall and can’t maintain its position above 0.900 🚨, this would signal a potential downturn. 0.900 is considered the "last hope" support level for this price action—if the price drops below that, things could get tricky.
If the price falls below 0.900, the next level of support to watch for is 0.8308 📉. Support is where the price tends to find buying interest, so if it reaches this point, there might be a chance for it to bounce back up. However, if it breaks through this, further downward movement could be expected.
On the flip side, if the price holds and continues to rise, it will face resistance levels that could prevent it from moving higher. These resistance levels are key price points where sellers might step in to take profits, or where the price could struggle to break through. In this case, the resistance levels are:
1.00 🔴: This is a round number, which tends to be a psychological resistance point.
1.1544 🔴: A higher level, possibly linked to previous market highs.
1.253 🔴: Another key resistance, which could be a tough barrier for the price to pass.
1.432 🔴: The highest resistance level to watch; if it breaks through here, it could signal a strong bullish movement.
To recap, 0.900 is your “last hope” support, and 0.8308 is your next major support level if the price falls. On the upside, watch the resistance levels at 1.00, 1.1544, 1.253, and 1.432.
And remember, all of this is purely based on technical analysis, and this is not financial advice ⚠️💸. Always make sure to do your own research before making any financial decisions! 🧠💡
