Binance Technical Analysis: $DAR
/USDT - Potential Price Targets šÆ
š DAR/USDT Technical Overview š
The DAR/USDT pair has recently seen an impressive surge of +33.53% in the last 24 hours, trading at $0.20078. With solid bullish momentum, this pair is showing promising short and long-term growth, reaching a 24h high of $0.218 and a low of $0.146. Here's a breakdown of the key levels and potential price targets for DAR/USDT.
š Key Support and Resistance Levels
24h High: $0.21800
24h Low: $0.14603
Current Price: $0.20078
šÆ Target 1: $0.21000
The price has been steadily increasing, and a push towards $0.21000 seems highly probable. This level represents an immediate resistance zone, where the price could face some challenges before breaking through. If bullish momentum continues, the next target could be reached within the short term.
šÆ Target 2: $0.21800 (Previous 24h High)
After breaking above the immediate resistance at $0.21000, $0.21800 is a key level to watch. This was the high reached in the last 24 hours and will act as a significant resistance. A successful breakout here could push the price higher, especially if the broader market sentiment remains bullish.
šÆ Target 3: $0.24000 - $0.25000 (Medium-Term Target)
Looking further ahead, if the price continues its upward trajectory, we may see a medium-term target range between $0.24000 and $0.25000. This would depend on the continuation of positive volume and broader market support.
š Additional Insights
Volume: 24h trading volume is at 103.88M DAR and 19.67M USDT, showing strong interest from traders.
Recent Performance: DAR/USDT has performed well over the last week, with a 47.32% increase in the past 7 days. Over 30 days, the price has risen by 6.03%, indicating a solid upward trend.
Upcoming Suspension: Be aware that the DAR/USDT pair will be suspended on 2025-01-06 for an upgrade/redomination. This could increase volatility in the short term, so keep an eye on price action in the lead-up to this event.