Analysis:
The price has shown significant volatility, with a notable peak at 258.62 USDT.
The projected high of 392.77 USDT by mid-2025 suggests a bullish long-term outlook.
The immediate resistance at 157.93 USDT is a key level to watch for potential breakouts.
Support at 128.98 USDT is crucial; a break below this level could see the price testing lower supports at 90.22 USDT and 50.00 USDT.
Recommendations:
For Traders: Consider buying near support levels (128.98 USDT and 90.22 USDT) and selling near resistance levels (157.93 USDT and 249.70 USDT).
For Long-term Investors: The projected high of 392.77 USDT indicates potential for significant growth, making it a candidate for long-term holding.
This analysis is based on the currently available information and data. It should be supplemented with additional technical and fundamental analysis for more accurate trading decisions."
The price has shown significant volatility, with a notable peak at 258.62 USDT.
The projected high of 392.77 USDT by mid-2025 suggests a bullish long-term outlook.
The immediate resistance at 157.93 USDT is a key level to watch for potential breakouts.
Support at 128.98 USDT is crucial; a break below this level could see the price testing lower supports at 90.22 USDT and 50.00 USDT.
Recommendations:
For Traders: Consider buying near support levels (128.98 USDT and 90.22 USDT) and selling near resistance levels (157.93 USDT and 249.70 USDT).
For Long-term Investors: The projected high of 392.77 USDT indicates potential for significant growth, making it a candidate for long-term holding.
This analysis is based on the currently available information and data. It should be supplemented with additional technical and fundamental analysis for more accurate trading decisions."
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.