PORTAL/USDT Surges Over 18% in a Day: A Promising Comeback or a Short-Lived Rally?

The crypto markets are heating up, and PORTAL is catching serious attention. As seen in the recent Binance chart, PORTAL/USDT has surged by 18.99% in just one day, reaching a price of $0.0727. This sharp upward move follows a period of heavy selling, with the 90-day and 1-year charts showing deep losses of -50.17% and -90.62% respectively.

Despite the long-term bearish trend, today's momentum marks a significant short-term recovery. The trading volume has spiked, with 329.22M PORTAL tokens exchanged in the past 24 hours, signaling renewed interest from traders.

Key support seems to be forming around the $0.0725 level, while resistance may lie near the 24-hour high of $0.0750. Short-term moving averages (MA 7 and MA 25) are converging closely, which could hint at a potential trend shift if bullish volume persists.

Is this the beginning of a sustained comeback for PORTAL, or just a temporary bounce? Traders are watching closely—and this could be a pivotal moment for this struggling asset.

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