DORA/USDT Analysis: Potential Bullish Setup with Retest

DORA/USDT Analysis: Potential Bullish Setup with Retest 📈🚀

The 1-hour chart for DORA/USDT on OKX is showing a potential bullish structure following a sharp upward movement. The current price action suggests a retest scenario before a potential continuation to the upside.

Key Levels and Setup:
Current Price: Trading at 0.2000 USDT.
Support Level: 0.1072 USDT – This level acts as a potential base for price support if the retest completes.
Resistance Target: 0.2427 USDT – The next target level if the price successfully bounces from the support zone.
Technical Outlook:
The price has experienced a pullback after the initial rally and is testing the support level around 0.2000 USDT. If it maintains this level and gains buying volume, it may signal a bullish reversal for a move towards 0.2427 USDT. Monitoring for a strong bounce around this support zone could offer a clear entry signal.

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