Technical Analysis: CTK/USDT | 3 Target Levels to Watch 🎯
CTK/USDT has been showing strong bullish momentum, with a +9.25% increase in the last 24 hours. As we dive into the technical analysis, let's break down the key support and resistance levels to watch for potential moves.
Current Price: $0.6367
24h High: $0.6500
24h Low: $0.5769
24h Volume (CTK): 17.51M
24h Volume (USDT): 10.83M
Key Levels to Watch:
1. First Target (Support Level) - $0.6062
The Parabolic SAR (0.02, 0.2) shows a key support at $0.6062, which can act as a strong cushion for any short-term pullbacks. A bounce from this level could signal continued upward momentum.
2. Second Target (Resistance Level) - $0.6500
The 24h High of $0.6500 is a major resistance point. If CTK/USDT breaks above this, it could lead to a retest of even higher levels. Watch for a break or consolidation above this zone for a bullish continuation.
3. Third Target (Bullish Zone) - $0.6513
The depth chart shows significant sell orders at $0.6513, marking an area to watch for potential breakout or resistance. A decisive break and close above this level could signal a strong rally toward new highs.
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