Price surged from 0.4000, broke the previous high, and reached the 0.4852 resistance level. The current sideways movement around the resistance suggests that sellers lack the strength to push the price lower. Even if a pullback occurs, the 0.4579 – 0.4455 area is expected to act as a support zone, potentially holding the price and allowing the uptrend to continue toward 0.5534 – 0.5652.
Trade closed: target reached
UPDATEFollowing the bullish breakout above the previous high and a successful retest of the 0.4579–0.4455 support zone, SUPERUSDT has now reached the projected resistance area at 0.5534–0.5652 within 20 hours — in line with the prior analysis.
This confirms the continuation of the short-term bullish trend, supported by consistent higher highs and higher lows on the lower timeframes.
With the price currently testing a key resistance zone, a decisive breakout above 0.5652 could indicate further upside potential. However, traders should remain cautious for signs of rejection or consolidation at this level before positioning for the next move.
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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.