#BinanceAlphaAlert

The most famous cryptocurrency among "meme coins" recorded a price of $0.2280 on Tuesday, rising by 75% compared to its lows in April, reflecting a strong return of purchasing confidence and increasing momentum since the beginning of the second quarter of the year.

Bullish pattern signals a strong breakout

Technical analysis shows the formation of a "bullish flag" pattern on the daily chart, which is one of the strongest continuation patterns, and typically signals sharp increases after a consolidation period. This coincided with the cryptocurrency nearing the formation of a mini golden cross between the 50-day and 100-day moving averages, which enhances the likelihood of a technical breakout in the coming days.

If the breakout is confirmed, attention is expected to turn towards the next resistance level at $0.4815, which represents the highest peak recorded by the cryptocurrency in November 2023, an increase of more than 110% from the current price. Conversely, a drop below the $0.20 level could weaken this scenario.