This is a weekly candlestick chart of the prevail pattern

📊 Pattern Analysis & Key Observations:

🔻 Falling Trendline Breakout (Blue Arrow)

A falling trendline has been drawn from the highs of 2025

Price has broken above this descending trendline on the weekly chart — a bullish breakout.

This suggests a potential reversal of the downtrend that lasted several months.

🔸 Support Zone at $44

There's a strong horizontal support around $42 — tested multiple times.

The recent bounce came just above this support, adding strength to the move.

🔺 Symmetrical Triangle Breakout (Long-Term View)

The pattern also appears to be part of a symmetrical triangle (rising support line + falling resistance line).

The breakout from the falling resistance line (upper triangle boundary) could lead to a strong uptrend continuation, given the longer-term uptrend from 2025.

📈 Current Price: $19

Stock has crossed above $17 resistance, heading toward upper trendline territory near $25

📉 Volume Confirmation

Volume in daily timeframe show a notable increase during the breakout candle, confirming buying interest.

✅ Interpretation:

Bullish Bias: Breakout above falling trendline and bounce from major support zone.

Next Resistance Levels: $37–$44 (previous highs and triangle top).

Support: $17

🙏 Disclaimer: We are only sharing our views as crypto_technical analyst and not any tips/recommendation to anyone

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