🚀 Technical Analysis: HMSTR/USDT – Key Levels & Targets 🎯
Current Price: $0.005368
24h Price Change: +17.28%
HMSTR has been showing significant upward momentum recently, with a solid 17.28% increase in the last 24 hours. Let's dive into the technical analysis and look at the key levels to watch for the upcoming price action.
Key Levels to Watch:
1. Support Zone: $0.004325
The recent low of $0.004325 acts as a crucial support level. If the price drops here, we could see buyers stepping in to hold the line. This level also aligns with the SAR indicator at 0.004474, suggesting a potential bullish reversal if prices bounce from this support zone.
2. Resistance Level: $0.005419
On the upside, $0.005419 is the immediate resistance, aligning with the upper bounds of the recent price action. A breakout above this level would signal the continuation of the bullish trend, opening up further upside potential.
3. Target 1: $0.0055
Target 1 is just above the current resistance. If the bulls maintain momentum, expect $0.0055 to be the first target, which could trigger further buying pressure.
4. Target 2: $0.0057
A clear break above $0.0055 could lead the price toward $0.0057. This level is seen as the next major resistance, and a breakout could trigger even higher levels.
5. Target 3: $0.0060
If momentum continues to push upwards, $0.0060 could be the final target in the short term, potentially unlocking even larger moves in the market.
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