🇬🇧 BARD/USDT: Is a Breakout Near? Critical Price Analysis!
The BARD/USDT pair is currently trading at $0.8330, down over 10% today. As the chart indicates, BARD is severely testing a strong support zone, which might present an opportunity for buying pressure to emerge.
🔴 Current Resistance and Downside
Current Price: $0.8330
24h Change: -10.59%
24h High: $1.1904
The coin has been continuously dipping below the $0.8700 level in the last few hours. The next major resistance is $0.8750 and then $0.9000. Unless the price sustains a close above $0.9000, a strong bullish momentum remains challenging.
🟢 Support and Reversal Potential
Key Support Zone: The price is finding support near the $0.8300 level. If this level holds, there is a strong possibility of a reversal and an upward move from here.
RSI Indicator: The RSI (Relative Strength Index) is not currently showing clear oversold signals, but the deep price drop suggests that further downside risk might be limited.
Our View: Watch the lower support closely! If BARD holds this support and breaks the $0.8750 resistance, we could quickly see a push towards $1.00.
Risk Warning! Volatility is very high in this trade. Always Do Your Own Research (DYOR).
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