SLP/USDT Technical Analysis - 21st November 2024 🚀
Current Price: $0.003477 (+9.10% in the last 24 hours)
SLP has shown a strong upward momentum in recent hours, with a notable 9.10% increase. Let's dive into some key levels to watch and potential targets for the next move.
🔍 Technical Overview:
Current Price: $0.003477
24h High: $0.003546
24h Low: $0.003028
Volume: 2.84B SLP traded over the past 24 hours, with $9.19M in USDT volume.
SAR (Stop and Reverse): 0.003282 (A key support level in the short term).
📊 Key Support & Resistance Levels:
Support Zone: The current price is holding above the $0.003028 level, which has acted as a support throughout the day.
Resistance Zone: Watch for resistance around $0.003546, which is near the recent 24-hour high.
🎯 Targets to Watch:
1. First Target: $0.003572
The immediate resistance level lies around $0.003572. A break above this could signal a continuation of the upward trend, potentially leading to the next target.
2. Second Target: $0.003750
If the bullish momentum persists, we could see price action targeting the $0.003750 level. This zone could act as the next strong resistance before any pullback.
3. Third Target: $0.00400
The psychological level of $0.00400 is the next major resistance to watch for. A strong rally could push SLP toward this key level, but keep an eye on market conditions and volume to confirm any breakout.
📉 Potential Risks:
A break below $0.003028 could lead to a retest of the $0.003000 support zone. If that level fails, further downside could be possible.
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