$PORTAL /USDT trading pair. Here's a breakdown of what it indicates from a trading perspective:
Key Details:
Current Price: $0.0719
24h Change: +26.14% — strong bullish momentum in the last 24 hours.
24h High / Low: $0.0729 / $0.0566 — indicates high volatility.
Volume:
PORTAL: 229.21 million tokens
USDT: 15.05 million USDT
Chart Analysis (1D Candlesticks):
The chart shows a reversal pattern forming after a steep downtrend.
Recent low: $0.0535 (marked on the chart).
After bottoming out, the price has started to recover with a series of green candles.
The price has regained from its recent low by about 34.3% to the current level of $0.0719.
Performance Indicators (Bottom Bar):
Short-Term (Today / 7 Days):
+16.13% and +15.38% — strong recovery
30 Days: +3.60% — mild positive trend
Long-Term:
90 Days: -50.58%
180 Days: -77.19%
1 Year: -90.70%
This suggests PORTAL is in a recovery phase after a major drawdown. Traders might see this as an early-stage bounce, but the long-term trend is still bearish unless it reclaims key resistance levels like $0.0828 and $0.1015.
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