$PDA : Reversal in Play – Bulls Taking Control
After a significant downtrend,
$PDA is showing strong signs of a bullish reversal. The price, which hit a low of $0.01026, has rebounded and is currently trading at $0.01337, marking a +17.08% surge.
Key Signals Indicating a Reversal
1. Bullish Candles Formation: The sharp recovery with multiple green candles suggests buyers are stepping in aggressively.
2. RSI Recovery: The RSI(6) at 61.63 indicates growing momentum and a shift from oversold conditions.
3. Volume Surge: Increased volume confirms strong buying interest, reducing the likelihood of a false breakout.
4. Higher Lows Formation: The recent bounce above $0.01174 suggests a trend shift as sellers lose control.
What’s Next
Resistance at $0.01558-$0.01573: A break above this level confirms a full reversal and pushes pda towards $0.019+.
Support at $0.01127: If bulls fail to hold momentum, a retest of support might occur before another breakout attempt.
Final Thoughts
The trend reversal is in progress, and confirmation above key resistance levels is crucial. Strong volume and RSI strength support this move. If the momentum continues,
$PDA sets up for a much larger rally.
🚀 Bullish momentum is building, and the market is shifting in favor of buyers.
#BreakoutOrPullback