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$FXS / USDT Technical Analysis 📉
The
$FXS / USDT pair is currently trading at $3.250, showing a modest +0.68% increase over the last 24 hours. Here's a closer look at the 15-minute chart:
📊 Key Market Stats:
24h High: $3.31724h Low: $3.00024h Volume: 7.05M FXS (22.48M USDT).
📈 Moving Averages (MA):
MA(7): $3.220MA(25): $3.200MA(99): $3.185
The price shows a recovery from the $3.116 level, forming higher lows as it climbs above the short-term moving averages (MA7 and MA25). The price is also testing the upper resistance zone around $3.317.
🔥 Bullish Indicators:
A clear upward crossover of the MA(7) (yellow) above the MA(25) (pink), signaling bullish momentum.The price remains above the MA(99) (purple), indicating strong support from a long-term perspective.
⚠️ Key Levels to Watch:
Resistance: $3.317 – A break above this level could push prices towards $3.350 or higher.Support: $3.200 – If the price retraces, this could act as a buying zone.
💡 Market Sentiment:
FXS/USDT is showing steady momentum after recovering from its 24-hour low of $3.000. The current bullish signals could pave the way for further gains, but traders should remain cautious of resistance at $3.317.
💬 Your Take?
Will FXS break past the $3.317 resistance and aim higher, or is a pullback imminent? Let us know your analysis and trading strategy! 🚀
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