$IQ

IQ/USDT Technical Analysis – Binance

Current Market Price (CMP): 0.008592 USDT

24h Change: +14.24%

24h Volume: 1.67B IQ / 13.70M USDT

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Technical Outlook

Trend: Bullish (short-term).

Resistance Levels:

R1 (First Target): 0.008794 USDT – This level aligns with the 24h high and may act as an immediate resistance. If broken, a rally could follow.

R2 (Second Target): 0.009100 USDT – A psychological level and a potential next target based on Fibonacci extensions.

R3 (Third Target): 0.009500 USDT – A strong resistance zone and key breakout point for higher gains.

Support Levels:

S1: 0.008400 USDT – Strong support near the current market price.

S2: 0.007950 USDT – Major support level based on previous lows.

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Indicators & Insights

Moving Averages (MA):

MA(5): 141M (Bullish) – Short-term momentum suggests continued buying pressure.

MA(10): 91M – Reflects a positive trend; pullbacks may find support at MA(10).

Relative Strength Index (RSI): Above 60 – Indicates moderate bullish momentum.

Volume: Significant increase (13.7M USDT in 24h) suggests strong market interest.

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Targets 🎯

1. Target 1 (0.008794 USDT):

Achievable with current momentum. Look for a breakout above this level to confirm the trend.

2. Target 2 (0.009100 USDT):

Mid-term target based on Fibonacci levels. Requires continued volume and buying strength.

3. Target 3 (0.009500 USDT):

Long-term breakout level. Achieving this could indicate a strong rally in the coming days.

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Key Strategy:

Traders: Watch for consolidation near 0.0084-0.0086 USDT for potential entry points.

Let us know your thoughts on IQ/USDT and your trading strategies! 🚀 #Binance #CryptoTrading #IQUSDT