Technical Analysis of DEGO/USDT - Potential Target Levels 🎯
Current Price: $3.25
Price Change (24h): +39.11%
DEGO/USDT has shown a strong bullish momentum, gaining over 39% in the last 24 hours. Let’s break down the technical outlook and potential targets for traders looking to capitalize on this movement. 🔍
Key Levels to Watch:
1. Target 1: $3.55
This level aligns with the recent 24-hour high and could act as the first resistance point. A breakout above this level would suggest continued bullish strength. Watch for a solid close above this mark to confirm the next upward move.
2. Target 2: $3.41 (SAR Level)
The SAR (Parabolic Stop and Reverse) indicator has placed a level at $3.41, signaling a potential shift in the trend. This could act as a strong support if the price consolidates in this range, potentially offering a good entry point for long positions.
3. Target 3: $3.61
The price depth data shows significant selling interest around the $3.61 range. If DEGO/USDT continues its rally, expect this level to be tested as the next area of resistance. A breakout here would signal strong bullish continuation.
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