Technical Analysis Report: $USTC /USDT
Wow $USTC is on fire.
Current Price: $0.027 $USTC has experienced a significant uptick, rising 45.32% to reach a new 24-hour high of $0.0300 after a low of $0.0184. This sharp increase is depicted by a substantial green candle on the 4-hour chart, reflecting strong buyer momentum that could influence the next sessions.
The immediate resistance is established at the day's high of $0.0300. If USTC can sustain its current momentum and breach this resistance, the next logical targets could be near $0.0325 and $0.0350. On the downside, support is likely established at around $0.0210, which could serve as a fallback if the token retraces from its current levels.Trading strategy could involve taking a long position if USTC pushes above the $0.0300 mark, with a conservative stop-loss just below $0.0210 to safeguard against any sudden downturns.
Conversely, traders should be cautious of a potential sell-off if USTC fails to hold above the newfound support level, which might indicate a bearish reversal.
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