📈 POLYX/USDT Technical Analysis - 19th November 2024 🚀
🚨 POLYX/USDT has been seeing strong momentum lately with a price surge of +25.66%. Let's break down the current price action and identify some key levels for potential trades.
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Current Price Overview:
Price: $0.3511 (+25.66%)
24h High: $0.3587
24h Low: $0.2783
24h Volume (POLYX): 136.44M POLYX
24h Volume (USDT): 43.44M USDT
The market has recently experienced significant upward movement, and traders are eyeing potential targets as the price continues to climb.
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Key Levels & Targets 🎯
1. Target 1: $0.3587 (Previous 24h High)
Rationale: This is the recent high for POLYX/USDT. If the price breaks above this level, we may see further bullish momentum. Watch for any retests of this zone to confirm if the uptrend continues.
2. Target 2: $0.3630
Rationale: This is a psychological resistance level that coincides with the next potential upside. If POLYX sustains above $0.3587, the price could easily approach $0.3630, which will act as the next key resistance.
3. Target 3: $0.3730
Rationale: Beyond the $0.3630 resistance, $0.3730 is a strong target for traders, especially considering the momentum and current volume. A successful break here could signal further upside in the coming days.
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Key Indicators:
SAR (Stop and Reverse): 0.3138
This shows the trend’s current strength and potential reversal. The SAR level suggests that the bullish trend remains intact as long as the price stays above this mark.
Support Levels:
Support 1: $0.3317
Support 2: $0.3005
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