Crypto $PLAY is seeing some strong bullish momentum over the past few hours, with a surge of over +32.06%, currently trading at 0.12461 USDT.
🔍 Technical reading of the chart (2-hour timeframe):
Breakout: The price has made a strong positive turn after a period of horizontal accumulation between 0.083 and 0.090 USDT. This price explosion pushed the coin to hit a local peak near 0.12888 USDT.
Moving Averages: * The price is currently comfortably trading above the key moving averages: MA(7) at 0.109, MA(25) at 0.097, and MA(99) at 0.096.
The arrangement of the averages (shorts above longs) confirms the current buying strength and the continuation of the upward trend in the short term.
🎯 Key price levels (Support & Resistance):
Upcoming resistance: Staying above 0.12500 USDT paves the way to test the recent peak at 0.12888 USDT, and if we break that, we might see an extended bullish run to higher levels.
Nearby support: In case of profit-taking or a natural correction, the area around 0.10900 USDT (represented by the MA7 line) is considered a crucial first support zone to maintain the bullish momentum.
💡
#PLAYUSDT #CryptoAnalysis #Binance
🔍 Technical reading of the chart (2-hour timeframe):
Breakout: The price has made a strong positive turn after a period of horizontal accumulation between 0.083 and 0.090 USDT. This price explosion pushed the coin to hit a local peak near 0.12888 USDT.
Moving Averages: * The price is currently comfortably trading above the key moving averages: MA(7) at 0.109, MA(25) at 0.097, and MA(99) at 0.096.
The arrangement of the averages (shorts above longs) confirms the current buying strength and the continuation of the upward trend in the short term.
🎯 Key price levels (Support & Resistance):
Upcoming resistance: Staying above 0.12500 USDT paves the way to test the recent peak at 0.12888 USDT, and if we break that, we might see an extended bullish run to higher levels.
Nearby support: In case of profit-taking or a natural correction, the area around 0.10900 USDT (represented by the MA7 line) is considered a crucial first support zone to maintain the bullish momentum.
💡
#PLAYUSDT #CryptoAnalysis #Binance