Basic Support and Resistance Levels Major Resistance (50 USD): This level is considered a strong psychological and technical barrier; breaking it opens the way toward levels of $60 and above. Vital Support (28 - 30 USD): This range represents a key demand zone; traders watch for price stability above it to maintain the upward trend. Breaking below $28 could lead to a decline toward $24.
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Basic Support and Resistance Levels
Major Resistance (50 USD): This level is considered a strong psychological and technical barrier; breaking it opens the way toward levels of $60 and above.
Vital Support (28 - 30 USD): This range represents a key demand zone; traders watch for price stability above it to maintain the upward trend. Breaking below $28 could lead to a decline toward $24.