The price has successfully broken above a significant resistance level - the descending trendline. This trendline has now turned into a strong support. A potential retest of the trendline is possible, followed by an upward movement towards the resistance of the weekly 50 SMA.
The price is forming a descending triangle pattern. The upper boundary of the triangle aligns with the resistance of the daily 50 MAs and the Point of Control (POC). The price may test this resistance in the near future. The RSI indicates a strong level of oversold conditions on the weekly timeframe.
The price is attempting to break the resistance of the descending trendline. A breakout of the trendline could push the price towards the resistance zone of the daily 50 MAs. However, if the price fails to hold above the trendline, it may continue the descending trend. On the hourly timeframe, the RSI indicates overbought conditions.
The price has broken above the weekly 100 EMA and is attempting to break the descending trendline. A retest of the 100 EMA is possible, followed by a breakout of the trendline. The price is in overbought territory on some timeframes. A bearish scenario would push the price below the 100 EMA again.
The price has broken above the weekly 100 SMA and is in overbought territory on the hourly and 4-hour timeframes. A sell signal has emerged, indicating a high probability of a retest of the 100 SMA. It's possible that the price is forming an ascending channel and will continue to move within its boundaries. A break below the lower boundary would be a bearish signal.
The price failed to break above the weekly 100 EMA and fell towards the trendline, which is acting as a support level along with the weekly 200 SMA. The price is in oversold territory on some timeframes, and there are multiple bullish divergences forming. A potential bounce in price is possible.
The market capitalization is attempting to break the resistance of the weekly 50 EMA. If the resistance level holds, the price will decline towards the lower boundary of the channel and the weekly 200 EMA and 200 SMA. A breakthrough of the 50 EMA will propel the market capitalization towards the upper boundary of the channel.
The price has broken the trendline and continued to rise on positive update news. The price is in overbought territory on multiple timeframes. The level of $2.2 and the Point of Control (POC) are the nearest support levels. The mentioned order blocks represent strong resistance levels.