$AST /USDT Technical Analysis & Trade Signal
Current Price: $0.1303
24h Change: +9.31%
24h High: $0.1418
24h Low: $0.1189
Technical Analysis:
1. Trend: Bullish momentum is observed with a strong +9.31% increase in price over the last 24 hours.
2. Support: The price has recently bounced off $0.1189, which is now a key support level.
3. Resistance: The immediate resistance lies around $0.1418, with further resistance at $0.1429.
Trade Signal:
Buy Signal: If the price breaks above the current resistance at $0.1350, a continuation upwards is expected.
Stop Loss: Below $0.1189 to protect against downward movement.
Target Levels:
1. Target 1: $0.1418 — First resistance, potential to face selling pressure.
2. Target 2: $0.1450 — A key psychological level, marking the next major resistance.
3. Target 3: $0.1500 — Potential breakout zone if bullish momentum continues.
Momentum:
Positive Momentum: The price is trending upward, confirmed by the +9.31% change and bullish short-term trend.
Volume: Increasing volume of AST and USDT indicates strong buying interest.
Recommendation: Monitor the $0.1350 level for a break; if it holds, proceed with long positions, targeting the next resistance levels.