Currently, ZORA/USDT is trading inside a well-defined descending channel, formed since the mid-August peak. The structure shows a sequence of lower highs and lower lows, reflecting mid-term bearish control. However, this pattern also resembles a falling wedge, which often signals a potential bullish reversal if a breakout occurs.
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🔹 Technical Structure
Main Pattern: Descending channel (slightly converging, similar to a falling wedge).
Current Price: ~0.0719 USDT
Demand Zone: 0.055 – 0.062 (strong accumulation area tested multiple times).
Key Support: 0.0387 (chart low).
Resistance Levels:
0.0831 → first breakout trigger
0.0928 → next psychological resistance
0.1169 → mid-term target if momentum holds
0.1433 – 0.1483 → major resistance zone / previous rally high
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🔹 Bullish Scenario
1. Price must close above the channel’s upper trendline and 0.0831 on the 8H timeframe.
2. A valid breakout should be confirmed with strong volume + successful retest of the upper channel as new support.
3. If confirmed, bullish targets are:
🎯 Target 1 → 0.0928
🎯 Target 2 → 0.1169
🎯 Target 3 → 0.1433 – 0.1483
📍 Note: A failed breakout (false breakout) could send price back into the channel.
---
🔹 Bearish Scenario
1. If price gets rejected at the upper channel or fails to close above 0.0831, downside pressure may return.
2. A strong breakdown below the demand zone (0.055–0.062) opens the path toward 0.0387.
3. Bearish outlook is invalidated if the price sustains above 0.0831 with confirmation.
---
🔹 Conclusion
ZORA/USDT is approaching a critical decision zone.
The descending channel structure provides two clear paths:
🚀 Bullish breakout above 0.0831 → upside targets 0.0928 – 0.1433.
📉 Breakdown below 0.055–0.062 → potential continuation toward 0.0387.
Key decision levels: 0.0831 (resistance) and 0.055–0.062 (support zone).
---
📢 Trading Notes
Always wait for 8H/1D candle close for confirmation before execution.
Risk management is crucial — never enter without a stop loss.
Descending channels often lead to explosive moves once a breakout is confirmed — be prepared.
---
ZORA/USDT is consolidating inside a descending channel. 0.0831 is the breakout trigger for a bullish reversal, while 0.055–0.062 remains the key demand zone. Breakout → targets 0.0928 – 0.1433. Breakdown → risk toward 0.0387. Watch candle close + volume for confirmation.
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#ZORA #ZORAUSDT #Crypto #Altcoins #TechnicalAnalysis #TradingView #ChartPattern #Breakout #SupportResistance #PriceAction
---
🔹 Technical Structure
Main Pattern: Descending channel (slightly converging, similar to a falling wedge).
Current Price: ~0.0719 USDT
Demand Zone: 0.055 – 0.062 (strong accumulation area tested multiple times).
Key Support: 0.0387 (chart low).
Resistance Levels:
0.0831 → first breakout trigger
0.0928 → next psychological resistance
0.1169 → mid-term target if momentum holds
0.1433 – 0.1483 → major resistance zone / previous rally high
---
🔹 Bullish Scenario
1. Price must close above the channel’s upper trendline and 0.0831 on the 8H timeframe.
2. A valid breakout should be confirmed with strong volume + successful retest of the upper channel as new support.
3. If confirmed, bullish targets are:
🎯 Target 1 → 0.0928
🎯 Target 2 → 0.1169
🎯 Target 3 → 0.1433 – 0.1483
📍 Note: A failed breakout (false breakout) could send price back into the channel.
---
🔹 Bearish Scenario
1. If price gets rejected at the upper channel or fails to close above 0.0831, downside pressure may return.
2. A strong breakdown below the demand zone (0.055–0.062) opens the path toward 0.0387.
3. Bearish outlook is invalidated if the price sustains above 0.0831 with confirmation.
---
🔹 Conclusion
ZORA/USDT is approaching a critical decision zone.
The descending channel structure provides two clear paths:
🚀 Bullish breakout above 0.0831 → upside targets 0.0928 – 0.1433.
📉 Breakdown below 0.055–0.062 → potential continuation toward 0.0387.
Key decision levels: 0.0831 (resistance) and 0.055–0.062 (support zone).
---
📢 Trading Notes
Always wait for 8H/1D candle close for confirmation before execution.
Risk management is crucial — never enter without a stop loss.
Descending channels often lead to explosive moves once a breakout is confirmed — be prepared.
---
ZORA/USDT is consolidating inside a descending channel. 0.0831 is the breakout trigger for a bullish reversal, while 0.055–0.062 remains the key demand zone. Breakout → targets 0.0928 – 0.1433. Breakdown → risk toward 0.0387. Watch candle close + volume for confirmation.
---
#ZORA #ZORAUSDT #Crypto #Altcoins #TechnicalAnalysis #TradingView #ChartPattern #Breakout #SupportResistance #PriceAction
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.