PDA/USDT Analysis Considering Fibonacci Levels
🔹 Current Price: 0.06056 (+7.64%)
🔹 24-hour Volumes:
PDA: 127.52M
USDT: 7.48M
📐 Fibonacci Levels:
0.786 (0.07176): Strong resistance level. The price has not yet tested this level. If growth continues, it may become a key profit-taking zone.
0.618 (0.06366): The price broke this level, confirming it as support. A signal of the strength of the upward trend.
0.5 (0.05793): Serves as the nearest support level. The price previously consolidated around this level, confirming its significance.
0.382 (0.05229): A lower support level that signals a healthy correction if a pullback occurs.
0.236 (0.04826): Long-term support, low probability of testing during a strong correction
🔍 Technical Observations:
1. Trend: Upward. The price has broken above key Fibonacci levels, indicating strong momentum.
2. Volumes: High volumes support the current rise, which reduces the likelihood of a false breakout.
3. SAR (Parabolic): SAR points are below the price, confirming the bullish trend.
🚀 Recommendations:
Bullish Scenario: If the price consolidates above the level of 0.06366 (0.618), further growth is expected towards the zone of 0.07176 (0.786).
Bearish Scenario: If the price drops, it is likely to test 0.05793 (0.5) as support.
💡 Fibonacci levels are currently serving as benchmarks for traders, making them critically important for PDA/USDT analysis.
