Technical Analysis Overview
A large cup pattern is forming on the higher timeframes.
The structure shows an expanding triangle in the accumulation zone — typical of a final phase before a major move.
🔸 Key Resistance Zones:
$0.80–$0.90 — strong local resistance
▫️ First major barrier
▫️ Possible fake breakout or retest before continuation
$2.60–$3.72 — macro target
▫️ Aligns with the upper boundary of the expanding triangle
▫️ Matches the projected target area of the cup pattern
▫️ This could be the final destination of a larger impulsive move
🔹 Fundamental Context:
This asset had massive hype during the previous bull cycle.
Crowd expectations ranged from $40 to $100 ), leading to a classic overvaluation and eventual wipeout.