$WBETH /USDT Technical Analysis ā Daily Update
š Current Market Overview:
The $WBETH
/USDT pair is currently trading at $3,842.47, reflecting a daily increase of +0.64%. The pair has demonstrated a steady upward trajectory, with strong buying momentum observed in recent sessions.
Key Levels to Watch:
1. Resistance Levels:
$3,874.98: The 24h high and the immediate resistance level. A breakout here could trigger a rally toward the next target.
$3,950.00: A psychological barrier, aligning with Fibonacci extension levels.
2. Support Levels:
$3,782.60: The 24h low, acting as a critical support zone.
$3,740.00: The 50-day EMA, providing a strong technical cushion.
šÆ Targets for WBETH/USDT:
1. Target 1 ā $3,874:
This is the immediate resistance level. A successful break and close above this level could indicate continued bullish momentum.
2. Target 2 ā $3,950:
If buying pressure persists, this level could act as the next milestone, representing a strong medium-term objective.
3. Target 3 ā $4,100:
A breakout above $3,950 would open the door to this major resistance, which aligns with historical highs and longer-term trendlines.
Technical Indicators:
RSI: Trending at 62, indicating healthy momentum but nearing overbought territory.
MACD: Positive crossover, suggesting bullish continuation.
Volume: Increasing 24h volume of $4.42M indicates growing market interest.
Trading Tips:
Bullish Scenario: Enter long positions above $3,875 with a target of $3,950 and $4,100. Use stop-loss at $3,782.
Bearish Scenario: If price fails to hold above $3,782, short opportunities may arise, targeting $3,740.
Keep an eye on macroeconomic factors and BTC/ETH trends, as they can influence WBETH price action.
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