Since June 2023 we have at least 9 attempts by the bears to break support, failing every single time—this is the yellow space on the chart.
As the current session has a long lower wick, this means that BANDBTC manages to close above support once more and at the same time produces a higher low.
While still trading below EMA10 (which is bearish), the fact that support holds is good for the bulls.
This is an early signal. We are looking at bottom pricing, potentially.
Huge potential for growth long-term. Easy and big as well in the short- to mid-term.