Here we have this support level strongly depicted on the chart in yellow... This support has been activated and holding for more than three months.
— Let's have a look at Aragon vs Bitcoin | ANTBTC —
There is potential for a bounce here for two reasons mainly: (1) The fact that this is the 0.618 Fib. retracement level for March-September 2023 wave. (2) Two high volume days in 2024.
➖ While mixed with some weakness, ANTBTC is trading above EMA50/21/10 with a strong RSI.
Mixed with weakness but nonetheless bullish.
As long as ANTBTC trades above 0.00012400, the bullish potential is strong. If it moves below this level lower support can be tested before the next bullish wave.
Seeing that the correction ended and turned into a consolidation phase —lasting five months, it is possible that the next move is a higher high based on the long-term.
Thank you for reading. I'll see you on the next chart.