$XAG USDT (Silver perpetual contract)
Current price: 89.84 USDT (mark price).
Trend: The 1‑hour chart shows a short‑term bullish move after breaking above 88.00, forming higher highs and lows; the overall trend is upward in the last 4 hours but the daily view indicates a recent dip of 0.17% suggesting mixed momentum.
Support levels: 88.50 (recent swing low), 85.15 (24‑hour low).
Resistance levels: 90.03 (24‑hour high), 90.50 (nearby psychological level).
Volume analysis: 24‑hour volume is 25.39 M XAG with 2.22 B USDT traded, indicating moderate liquidity; volume spikes align with price jumps, showing buyer interest near the current level.
Entry zone: Consider entering long positions near 89.00 – 89.50 on a pullback with confirmation of bullish candlestick patterns.
Exit zone / targets: Target 1 at 90.50, Target 2 at 91.00 for short‑term gains.
Stop loss: Place a stop‑loss at 88.20 to protect against a break below the nearest support.
Overall market view: The silver perpetual is in a cautious bullish phase with mixed daily performance; traders should watch the 90.00 resistance for breakout confirmation and manage risk with the defined stop loss.
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