$XPT Supply Deficits: Analysts from Bank of America and Metals Focus highlight a structural deficit in the platinum market. Industrial demand—particularly for green hydrogen technology and catalytic converters—is outpacing the mining output, which has been hampered by equipment transitions in major producing regions.
Technical Sentiment: While the long-term trend remains bullish, short-term technical indicators (RSI and MACD) currently signal a "Strong Sell" due to the asset breaking below its minor bullish channel support of $2,500.
3. Technical Levels to Watch
Support: The immediate support lies at $2,150–$2,200. A break below this level could lead to a deeper retracement toward the $1,800 psychological mark.
Resistance: The primary resistance is now at $2,520 (the previous support flip) and the recent peak of $2,852.
#VIRBNB #GoldOnTheRise #FedHoldsRates #ZAMAPreTGESale
XPTUSDT
Perp
2,055.63
-6.18%