$NULS /USDT Analysis: Bullish Momentum Observed $NULS is trading at $0.3918, showing a strong gain of 14.63% in the last 24 hours, with a low of $0.3238 and a high of $0.4201. The recent price surge indicates bullish momentum, but the price is consolidating near its highs.
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Key Levels to Watch:
Resistance:
$0.4000 (Immediate resistance)
$0.4200 (Critical resistance for continuation)
Support:
$0.3800 (Near-term support)
$0.3500 (Major support to sustain the uptrend)
Trade Setup:
Long Entry: Above $0.4000
Targets:
1. $0.4100
2. $0.4200
Stop Loss: Below $0.3800
Short Entry: Below $0.3800
Targets:
1. $0.3700
2. $0.3500
Stop Loss: Above $0.4000
Market Insight:
RSI at 66.55 suggests strong bullish momentum but approaching overbought territory.
MACD indicates a positive trend with sustained buying pressure.
Wm%R at -38.55 shows the asset is still in a moderately bullish zone.
If the price breaks above $0.4000, we could see further upward movement. However, a failure to hold above $0.3800 might lead to a pullback toward $0.3500. Monitor these levels closely.