$XAG XAGUSDT Surges Above $83 – Strong Bullish Momentum Building❕
XAGUSDT (Silver/USDT Perpetual) is showing strong bullish momentum on the 15-minute timeframe. The price is currently trading around $83.01, marking a solid +6.33% gain in the last 24 hours.
📊 Market Overview
24H High: $83.60
24H Low: $77.92
Mark Price: $83.12
RSI (6): 67.85 (Approaching overbought zone)
The recent rally pushed the price from the $78.70 support zone to above $83, confirming strong buying pressure.
📈 Technical Analysis
Moving Averages
MA(7): 82.93
MA(25): 81.04
MA(99): 80.27
The short-term MA(7) has crossed above MA(25) and MA(99), indicating a clear bullish trend. Price is trading above all major moving averages — a strong sign of upward continuation.
Volume
Increasing green volume bars confirm strong buyer participation during the breakout move.
RSI Indicator
RSI is at 67.85, close to the overbought level (70). This suggests:
Momentum is strong
A short-term pullback is possible before continuation
🔎 Key Levels to Watch
Resistance:
$83.60 (Recent High)
$84.00 psychological level
Support:
$81.70
$80.60
$78.70 (Major support)
📌 Trading Outlook
If price breaks and holds above $83.60, we could see continuation toward $84–$85.
However, if rejection occurs, a pullback toward $81–$82 zone is possible before the next move.
⚠️ Always manage risk and use stop-loss in volatile markets.
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