The asset is currently in an uptrend, supported by a rising blue trendline. This indicates strong buyer interest and a potential continuation of the bullish move—unless the trendline is broken.
Bullish Case:
A breakout above $0.1880 with strong volume could lead to a rally toward $0.22 and possibly $0.32.
As long as the ascending trendline holds, the bullish structure remains intact.
Bearish Case:
A breakdown below the trendline and $0.1298 support could trigger a correction toward $0.1181 or lower.
Weak volume near resistance may signal exhaustion among buyers.
Bullish Case:
A breakout above $0.1880 with strong volume could lead to a rally toward $0.22 and possibly $0.32.
As long as the ascending trendline holds, the bullish structure remains intact.
Bearish Case:
A breakdown below the trendline and $0.1298 support could trigger a correction toward $0.1181 or lower.
Weak volume near resistance may signal exhaustion among buyers.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.