Current Price: around 1.956 USDT (bouncing slightly as of now).
Support Zone:
First Support: 1.821 USDT
Stronger Demand Zone (highlighted in the blue box): 1.6215 to ~1.84 USDT
Price might test this zone if the downward momentum continues.
Could serve as a potential buy zone or accumulation area.
- Watch for a breakout from the channel with strong volume for confirmation of a reversal.
- A breakdown below the support box would invalidate the bullish outlook and could signal deeper downside.
Support Zone:
First Support: 1.821 USDT
Stronger Demand Zone (highlighted in the blue box): 1.6215 to ~1.84 USDT
Price might test this zone if the downward momentum continues.
Could serve as a potential buy zone or accumulation area.
- Watch for a breakout from the channel with strong volume for confirmation of a reversal.
- A breakdown below the support box would invalidate the bullish outlook and could signal deeper downside.
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.