NS/USDT is showing signs of a potential breakout after weeks of higher lows and steady accumulation. The price is pressing against a key resistance zone with increasing strength, and the RSI confirms bullish momentum.
📊 Technical Snapshot:
Current Price: $0.28276
Key Resistance: $0.28–$0.29 – price is currently testing this level.
EMA Structure: Price is trending above all major EMAs (4EMA, 50EMA, 200EMA), confirming a bullish structure.
Volume: Healthy volume rise in recent candles, supporting the move.
📈 Entry Ideas:
Breakout Entry: Above $0.29 with volume confirmation.
Retest Entry: A pullback to the $0.26–$0.27 range could offer a safer entry if support holds.
🧷 Validation:
Setup remains valid above the $0.23 support level (previous local range top and moving average zone).
A daily close below $0.23 would invalidate the breakout thesis.
🎯 Target Zones:
TP1: $0.41028 – first key resistance and previous supply zone.
TP2: $0.44956 – continuation target.
TP3: $0.60167 – major resistance and measured move from previous impulse range.
📊 RSI Analysis: RSI at 71 – overbought but trending with strength. A minor consolidation or retest would be healthy before continuation.
🧠 Final Thoughts: NS is coiling beneath a strong resistance level. With trend alignment, volume, and RSI strength, this setup looks promising for continuation. Watch for a clean break or retest before chasing.
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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.