Binance Technical Analysis: $Price Action and Target Levels 🎯

Current Price: 1.195

Recent Performance: Up 13.16% from Rs331.75

Technical Indicators:

Moving Averages:

MA(7): 1.179 (indicating short-term bullish sentiment)

MA(25): 1.137

MA(99): 1.099

Key Levels:

24h High: 1.229

24h Low: 1.031

Volume Analysis:

24h Volume (LUMIA): 11.94M

24h Volume (USDT): 13.49M

Recent volume spikes indicate increased trading activity and potential volatility.

Support and Resistance:

Support Level: 1.131

Resistance Level: 1.236

Target Levels 🎯:

1. Target 1: 1.229

This is the immediate resistance level. A break above this point could signal further upward momentum.

2. Target 2: 1.250

A psychological level that could attract buyers. A strong close above 1.229 would make this target more achievable.

3. Target 3: 1.300

A longer-term target that aligns with bullish market sentiment if momentum continues. Watch for consolidation around this area.

Conclusion:

The market is showing bullish signs with a significant price increase and increasing trading volume. Traders should keep an eye on the resistance at 1.229 and consider these target levels for potential entries. Always manage risk and trade wisely!

Stay tuned for updates and happy trading!