Resolv/Tether (RESOLVUSDT) experienced a 3.75% increase from October 24 to 25, opening at $0.0559 and closing at $0.0578, with a peak at $0.0603. The cryptocurrency formed a bullish trend following a midday surge, with significant support identified between $0.0574 and $0.0576, and resistance at $0.0585 and $0.0603.
Trading volume surged to 4,920,742.6 contracts, valued at approximately $281,127, indicating strong buying interest. Bollinger Bands showed contraction before the breakout, suggesting increased volatility and potential for trend continuation. A breakout above $0.0585 led to a rapid rise to $0.0603, supported by prior consolidation. A close above $0.0603 could target the 61.8% Fibonacci retracement at $0.0613, while a drop below $0.0574 may prompt a short-term correction.
Resolv/Tether Gains 3.75% Amid Key Support and Resistance Levels
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