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Savmusdt

SAVMUSDT Stalls at Monthly Hurdle: Pullback or Re-Test Incoming?SAVMUSDT is facing significant resistance at $8.506, a key level on the monthly chart. Given current market conditions, a breakout appears unlikely in the immediate future. Technical Analysis: Resistance: $8.506 (Monthly) Support: $7.391 (Daily), $6.630 (Daily), $5.449 (Monthly Pivot) Volume: (Not mentioned in the provided text) Key Observations: SAVMUSDT is encountering resistance at a crucial level on the monthly chart. Overcoming this hurdle could signal a continuation of the uptrend. The recent price rejection suggests a potential pullback or a retest of this resistance zone in the future on the daily chart. If the price falls, it could find support at $7.391 (daily), followed by $6.630 (daily) and then $5.449, which is a significant support level on the monthly chart (monthly pivot). Conversely, a successful breakout above $8.506 could lead to further gains towards $9.246 (second daily resistance) and potentially reach $10.666. SMA 200 can play a pivotal support role for SAVM Conclusion: The inability to break through the $8.506 resistance on the monthly chart suggests a potential pause in the uptrend. Traders should closely monitor the price action around this level. If the price pulls back, established support levels exist at $7.391 (daily), $6.630 (daily), and $5.449 (monthly pivot). Conversely, a breakout above resistance could signal a surge towards $10.666. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
by behnoudt
3
SAVMUSDT Primed for Breakout: All-Time High Incoming?SAVMUSDT is on the verge of a significant breakout, with its sights set on a key resistance level at $12.268. This potential breakout coincides with the upcoming launch of the SatoshiVM mainnet alpha on Friday, March 15th Technical Analysis: Resistance: $12.268 Support: $10.666 (Weekly R2) Dow Theory: Confirmation of Uptrend Key Observations: SAVMUSDT is exhibiting bullish momentum, with the price poised to break above a critical resistance level. A successful breakout could lead to a new all-time high. The launch of the SatoshiVM mainnet alpha this Friday adds a fundamental catalyst to the potential price surge. Applying Dow Theory principles, the recent price action suggests confirmation of an uptrend. We can see this through the establishment of a new higher high and the previous high acting as support after being broken. These key resistance zones are also aligned with the weekly and monthly resistance levels on the chart. If the price faces rejection at the new high, it may find support at $10.666, which coincides with the weekly second resistance level (R2). A breakout above the current resistance could lead to further gains. Conclusion: The upcoming price action for SAVMUSDT is highly anticipated. A breakout above $12.268, coupled with the launch of the mainnet alpha, could propel the price towards a new all-time high. However, if the price encounters resistance, the $10.666 support level could provide a buffer. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Long
by behnoudt
2
SAVMUSDT: Consolidation Breakout on the Horizon?The SAVMUSDT chart is currently exhibiting signs of a potential bullish breakout. While the price is currently within a consolidation zone, several technical indicators suggest an upward move might be imminent. Key factors to consider: Pivot Points: Both the weekly and daily pivot points are situated below the current price, indicating potential buying pressure. RSI: The Relative Strength Index (RSI) is also supportive of a bullish move, suggesting that the asset is not yet overbought. Daily Resistance: A decisive close above the daily resistance level could be a strong confirmation of a bullish trend. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
SLong
by behnamxt