$CYBER $CYBER $CYBER

CYBER/USDT Technical Analysis: Bullish Momentum Continues

The CYBER/USDT pair has been on a strong bullish run, and the recent price action suggests that the uptrend is likely to continue. Let's break down the key levels and potential entry strategies:

Support:

* Immediate Support: The 24-hour low of 2.641 is a crucial support level. A break below this level could signal a temporary pullback or potential reversal.

* Stronger Support: The 2.628 level, which coincides with the lower Bollinger Band, provides additional support.

Resistance:

* Immediate Resistance: The 24-hour high of 2.896 is the initial resistance level. Breaking above this level could open the door to further upside potential.

* Stronger Resistance: The 2.909 level, which coincides with the upper Bollinger Band, is a significant resistance level.

Entry Strategy:

For conservative traders, waiting for a pullback to the 2.641 or 2.628 support levels could be a good entry point with a stop-loss below the respective support level.

Aggressive traders could consider a breakout strategy. If the price breaks above the 2.896 resistance level, it could signal a continuation of the uptrend. A stop-loss can be placed below the 2.896 level in this case.

Additional Considerations:

* Volume: The 24-hour volume of 848,277.21 CYBER indicates strong buying interest.

* RSI: The Relative Strength Index (RSI) is currently above 70, suggesting overbought conditions. However, the RSI is still trending upwards, indicating continued bullish momentum.

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