TradeWLFI

🚨 Possible breakout in $WLFI forming?🚨

A recent analysis of the 30-minute chart for the WLFI/USDT pair indicates a consolidation phase within a well-structured ascending channel. The current price, around $0.2286, is respecting the support trendline, demonstrating consistent buying strength in this region.

The ascending channel, besides being visually clear, reflects the formation of progressively higher lows, which usually signals accumulated pressure that could result in a significant upward movement. The reduction in volume suggests a compression of volatility, often observed before sharp breakouts.

If the volume starts to increase again, the asset may initially target the intermediate region of the channel, between $0.248 and $0.255, and in a continuation scenario, advance to the upper range, between $0.270 and $0.280.
Relevant technical levels:
Key support: ~$0.225 (lower trendline of the channel)
Intermediate resistance: $0.248 - $0.255
Upper resistance: $0.270 - $0.280
The current pattern suggests that the market is accumulating energy. If a breakout occurs, it may surprise inattentive participants. This is a technical setup that deserves attention, especially for those monitoring assets in consolidation zones with a bullish bias.
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