Trend & Pattern
Downtrend: Since mid-December 2024, the price has been in a downtrend, as shown by the falling trendline.
Potential Reversal: A breakout from the descending trendline seems to have occurred recently (early April 2025), suggesting a potential trend reversal.
Key Levels
Support Zone: Around 0.00000580 USDT, where price has previously bounced multiple times (strong demand zone).
Resistance Zones:
0.00000850 – 0.00001000 USDT: First major resistance area, also near the 200 EMA (~0.00001098).
0.00001300 – 0.00001500 USDT: Next resistance if the price manages to break above 0.00001098.
0.00001717 USDT: Final target shown on the chart (upper resistance).
Indicators
200 EMA (Blue Line): Currently above the price (~0.00001098), acting as dynamic resistance. A breakout above this would confirm bullish momentum.
Potential Scenarios
Bullish Case (as drawn):
Price breaks above the current level and retests the breakout area (~0.00000850).
Continues to climb toward the 200 EMA (~0.00001098).
If that breaks, the price could move toward the 0.00001300–0.00001500 region and possibly to 0.00001717.
Bearish Rejection:
If rejected at resistance (~0.00000850 or 0.00001098), price may fall back to the support region around 0.00000580.
Conclusion
The chart suggests a bullish breakout scenario is in play.
A close above 0.00000850 would be a good bullish confirmation.
Watch 0.00001098 (200 EMA) closely—if broken, the uptrend may gain strong momentum.
