Hey there! In the weekly time frame, considering the break of the downtrend, the price managed to grow to the 4.80 range. In the medium term, the expectation is that the price will continue to grow towards the supply areas of 5.50 dollars/6 dollars. In case of growth, for a better understanding of the trend's continuation, observe how the price reacts to the resistance levels. The support range is at 4 dollars and 3.50 dollars. 📈💹🚀
🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉
❌ (DYOR) ⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!
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Well, according to the envisioned scenario, the price has experienced a 15% growth, reaching the first target of 5.50.🔥✌🍻
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In the weekly timeframe, as observed, based on the latest price analysis, it managed to exceed the first target at $5.50, showing growth of over 20%. Currently, it is trading within the price range of $5.50. The expectation in the long-term timeframe is further growth towards the range of $6.50 and $8.
To better understand the continuation of the trend, we need to see how the price reacts to the crucial resistance levels at $6 and $6.50. In case of weakening momentum and confirmation on lower timeframes, the possibility of a partial correction and pullback can be considered. Moreover, if the price continues to show buying demand, there is a potential for further growth towards the specified targets