TROLL tests lower trendline support within a symmetrical triangle on the 4-hour chart.
Breakout projection points to a $0.35 target, with potential upside toward $0.50.
Price gained 48% in the past week despite the current 24-hour decline.
TROLL is trading at $0.1762 as of writing, with a 24-hour volume of $30,577,584, marking a 4.11% daily decline and a 48.05% weekly gain. Traders are closely monitoring its price structure for signs of an imminent move.
Symmetrical Triangle Signals Price Compression
The TROLL/USDT chart shows a symmetrical triangle pattern, a common technical setup that precedes large price movements. The pattern forms when lower highs and higher lows converge toward a breakout point.
The current price movement has narrowed between two blue trendlines, indicating reduced volatility as the market awaits direction. This tightening range often results in a strong breakout once one side of the pattern is breached.
Price is now testing the lower trendline, which has supported the price multiple times from recent charts. Players are waiting for a bounce here for renewal of the bullish mood.
Breakout Levels and Market Projections
A tweet from @RoccobullboTTom suggests that TROLL is preparing for a breakout above a key resistance level. The post projects that a move higher could drive the token toward a $500M market cap in the short term.
Based on the triangle’s height, a confirmed breakout above the upper trendline sets a projected target near $0.35. The chart also outlines a green path suggesting potential continuation toward $0.50 if buying pressure intensifies.
While market cap projections are speculative, the technical structure supports the possibility of sharp gains if volume accelerates during the breakout. This would align with the token’s recent performance, which saw substantial gains over the past week.
Support Retest and Volume Considerations
Today’s retest of the lower blue trendline is a key technical moment for TROLL. A strong reaction from this level would reinforce the support zone’s strength.
Under the precondition that the price holds and trades up, traders will pay attention to the level of breakout, waiting to see a conclusive close above resistance on a candle. Consistency in higher trading above this range may make it a new support level.
A breakout is critical in volume. Increased trading activity alongside upward price action would indicate market conviction and raise the probability of the move extending toward projected targets.
