๐น Current Price: $0.1473 (+9.84%)
The OAX/USDT pair is showing strong bullish momentum, with a significant price rise of nearly 10% over the past 24 hours. Let's break down the key levels and targets for traders to watch.
๐จ Key Technical Indicators:
1. Support Level (SAR): $0.1310
The SAR (Stop and Reverse) is indicating support at $0.1310. This is a crucial level for bulls to defend in order to maintain the current uptrend. As long as the price stays above this, upward movement is expected.
2. Resistance Target #1: $0.1521
This level represents the first significant resistance to watch. If the price breaks through, it could signal continued bullish momentum. Traders might consider locking in profits at this level or awaiting further confirmation.
3. Resistance Target #2: $0.1571 (24h High)
The recent 24-hour high of $0.1571 will be the next resistance level for OAX. A break above this could see the pair pushing higher, with potential upside targets based on further volume spikes and market sentiment.
4. Long-Term Target #3: $0.20
Should the price continue its upward trajectory, the psychological barrier of $0.20 will be the long-term target. This level represents a major breakout point that could trigger further buying pressure and attract more market participants.
๐ Market Momentum:
RSI: The RSI currently sits at -1.8126%, indicating the market might be slightly overbought. Traders should be cautious of potential pullbacks.
Volume: With 24-hour volumes of 39.86M OAX and 5.83M USDT, liquidity remains high, which supports the ongoing price action.
๐ Performance Recap:
7 Days: +18.72%
30 Days: +7.45%
90 Days: -0.07%
180 Days: -25.67%
1 Year: -0.54%
OAX has shown solid short-term performance but faces some resistance in the longer term. Traders should watch these key levels closely for any breakouts or reversals.
๐ฏ Targets Summary:
1. $0.1521 (Short-term resistance)
2. $0.1571 (24h High)
3. $0.20 (Long-term breakout target)
Keep an eye on volume and market sentiment as we move closer to these key levels. Always manage your risk and trade wisely!
