$W

🔍 Pattern and Chart Structure:

Timeframe: 1D (Daily)

Pattern: Breakout from a Descending Trendline that has been intact since late 2024.

Support and Resistance Levels:

Closest support: $0.0744

Key resistances: $0.0915 – $0.1087 – $0.1446 – $0.1852 – $0.2528 – $0.3197 – $0.4017

Volume & Momentum: The chart shows a price breakout above the descending trendline, likely accompanied by increased buying volume (volume confirmation is important).

🚀 Bullish Scenario:

If the price holds above the broken trendline:

A confirmed breakout occurs if the daily candle closes above $0.0744 and pushes toward $0.0915 and beyond.

Gradual target levels:

1. $0.0915 → $0.1087

2. $0.1087 → $0.1446

3. $0.1446 → $0.1852 (strong psychological resistance)

4. With strong bullish momentum, potential rally towards $0.25 – $0.40 range

📌 Note: If the price forms a higher low after the breakout, it further confirms a trend reversal.

đŸ”» Bearish Scenario:

If this breakout turns out to be a false breakout:

Price fails to hold above $0.0744

Drops back down to the support range around $0.0630 → $0.0500

If the price breaks below $0.0500, a further decline toward historical support at $0.0450 is possible

📌 A bearish confirmation would come from a daily candle closing back below the trendline with increased selling volume.

đŸ§© Conclusion:

Currently, W/USDT shows signs of a possible reversal after breaking the major long-term downtrend.

Breakout validation requires volume confirmation and strong follow-through.

The potential upside is attractive, but caution is advised in case of a false breakout.

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