US30 Sustains Uptrend With Prospects For Higher Valuation Levels

US30 Analysis – August 19

US30 sustains its uptrend with prospects for higher valuation levels. The index continues to demonstrate bullish momentum, supported by its sustained position above the 9-day SMA, currently at $44,790. Since rebounding from April lows near $38,400, US30 has maintained a steady upward trajectory, with the MACD holding in positive territory to reinforce market strength. The consistent formation of higher highs and higher lows confirms an ongoing demand-driven rally, keeping sentiment favorable for buyers.

US30 Key Levels

Resistance Levels: $45,100, $47,000, $48,000
Support Levels: $42,880, $41,740, $38,400

US30 Long-Term Trend: Bullish

From a technical perspective, price has respected key demand blocks around $44,180 and $42,880, which now serve as strong support areas. Recent price action has shown resilience near the $45,000 handle, where buyers have actively defended against pullbacks. This consolidation just below resistance reflects a market gathering momentum, with institutional flows likely favoring continued upside movement.

Looking ahead, US30 is expected to break above the $45,090 resistance region, paving the way for a projected climb toward $47,000. A confirmed breakout would then expose the $48,000 mark as the next major upside target. As long as supports at $44,180 and $42,880 remain intact, the broader outlook continues to favor sustained bullish expansion toward higher valuation levels.

US30 Short-Term Trend: Bullish

Currently, US30 is consolidating below resistance at $45,100 after facing rejection near this level. Price action indicates a possible retracement toward the order block zone around $44,000–$44,200 before a rebound.

The MACD reflects weakening momentum in line with the corrective structure. However, if buyers defend the order block, US30 could resume its bullish trend toward $45,400. Traders monitoring forex signals may find opportunities to align with this continuation setup.

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