As you can see, the price faced demand after collecting liquidity in the 0.080 range and managed to grow by more than 100% after breaking the long-term downtrend line. Currently, the price has reacted negatively to the important supply zone of 0.20 cents and has faced a minor correction to the 0.16 cents range. In the long-term time frame, the price can be expected to grow to the liquidity zones of 0.30/0.35 cents.
Here are some scenarios we can consider:
🔹If the momentum weakens, we can expect the trend to range and then resume its upward movement if the support zones are broken.
🔹If the price faces demand and breaks above the 0.20 cents zone, the target of 0.30 cents can be expected if it is confirmed.
❌In the long term, it is very important to maintain the support zones of 0.14 cents and 0.10 cents for the uptrend to continue. This is not financial advice. Always do your own research before making any investment decisions.✌
What do you think?🤔 I would be happy to hear your opinions in the comments and support with likes. Thank you.🙌✌