๐ *PORTAL Analysis* | Current Setup: *Descending Channel*
๐ฐ *Price Targets:*
- ๐ฏ *0.0297*
- ๐ฏ *0.0310*
- ๐ฏ *0.0325*
PORTAL is showing signs of *bullish reversal* as it nears the lower boundary of a well-defined *descending channel*. This pattern often suggests *accumulation before breakout* โ especially when combined with:
โ *Bullish divergence on RSI*
โ *Low sell volume near support*
โ *Market-wide altcoin sentiment improving*
Once price breaks out from the upper trendline of the channel with volume confirmation, it could push toward the targets above, especially if BTC maintains strength.
๐ *Key Support Zone:*
- 0.0265 โ 0.0272
This area is crucial. If held, it adds confidence for a bounce.
โ ๏ธ *Invalidation:*
- A breakdown below 0.026 would weaken the setup and delay upside momentum.
๐ *If volume kicks in and BTC dominance drops, PORTAL could rally fast* โ especially with small-cap energy coming back into the market.
๐ Watch the breakout candle + RSI over 50 for confirmation.