Cream / Usdt

Aug 22

CREAMUSDT

Based on the information provided, let's analyze the price action and potential future movements.

Currently, the price is at $20, which has recently hit a resistance level. A resistance level is a price point where selling pressure has historically been strong enough to prevent the price from rising further. Since the price is at $20 and has encountered resistance, it suggests that buyers may struggle to push the price higher in the short term.

The support zone is identified at $18 to $14. Support zones are price levels where buying interest is strong enough to prevent the price from falling further. If the price were to decline, it might find a floor within this support range, where it could stabilize or bounce back.

Should the price hold at the current resistance level ($20) and break through it, the next resistance zones to watch are between $23 and $28. These levels represent areas where additional selling pressure might emerge, potentially causing the price to stall or reverse.

In summary, the price’s ability to surpass the current resistance level at $20 will be crucial. If it succeeds, monitoring the $23 to $28 zone will be important to gauge if the price can continue its upward momentum or face new resistance.

Disclaimer : I am not Financial Adviser