📈 Is RVV Ready to Continue Its Rise After Breakout?
On the 30-minute timeframe, the RVV/USDT chart shows a descending trendline that has previously experienced strong rejections in the area of 0.015 USDT. However, this time, the price has successfully broken out from the trendline and is currently retesting in the same area.
💡 Current technical conditions:
- Several rejections in the resistance area indicate that selling pressure is starting to weaken.
- The breakout has been confirmed with high volume.
- The retest in the area of 0.0145–0.0150 USDT could be a key area before potential further increases.
📊 Scenarios that could occur:
- If the price can hold above 0.0145 USDT, the opportunity to reach 0.017–0.018 USDT is open.
- However, if it fails to hold the retest area and drops below 0.014 USDT, a correction to 0.013 could occur.
⚠️ Risks:
Beware of false breakouts, especially if the volume starts to decrease and the candle breaks back down below the old trendline.
🚀 Conclusion:
As long as the price remains above the retest area of 0.0145 USDT, the bullish momentum on RVV is still valid and could open up short-term rise opportunities.
#RVV
#RVVUSDT $RVV