Support:
0.2544 USDT – major support level.
If price falls below this, it may revisit 0.20.
Resistance:
0.3470 USDT – currently being broken upward.
Next resistance levels:
0.40
0.45–0.48
0.85 (extreme wick from low liquidity)
Current Candle
The strong green weekly candle (+69%) shows:
high buying pressure
breakout from previous consolidation
potential start of a bullish shift
Possible Scenarios
Bullish:
If price holds above 0.3470, targets are:
0.40
0.45
0.48
With strong volume, even 0.60–0.70 becomes possible.
Bearish:
If the breakout fails and price dips below 0.3470:
retest of 0.2544 is likely
Losing 0.2544 resumes the downtrend.
0.2544 USDT – major support level.
If price falls below this, it may revisit 0.20.
Resistance:
0.3470 USDT – currently being broken upward.
Next resistance levels:
0.40
0.45–0.48
0.85 (extreme wick from low liquidity)
Current Candle
The strong green weekly candle (+69%) shows:
high buying pressure
breakout from previous consolidation
potential start of a bullish shift
Possible Scenarios
Bullish:
If price holds above 0.3470, targets are:
0.40
0.45
0.48
With strong volume, even 0.60–0.70 becomes possible.
Bearish:
If the breakout fails and price dips below 0.3470:
retest of 0.2544 is likely
Losing 0.2544 resumes the downtrend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.