$PORTAL Hits Oversold Zone – Is a Relief Rally in Sight?
PORTAL has been in a consistent downtrend and is now stabilizing near $0.0361, showing early signs of support. If bulls manage to build momentum, we could see a short-term rebound toward key resistance levels.
Key Levels to Watch
Resistance Zones:
• $0.0375 – First immediate hurdle
• $0.0382 – Mid-range supply zone
• $0.0390 – Strong barrier for trend reversal
Support Zone:
• $0.0360 – Holding this base is crucial to avoid a fresh leg down
• Below $0.0360 – No clear structure, possible free fall into lower uncharted areas
Trade Setup
Bullish Scenario:
If price reclaims $0.0375, a short squeeze may target:
• Target 1: $0.0382
• Target 2: $0.0390
Bearish Scenario:
A close below $0.0360 would suggest further downside toward:
• Target 1: $0.0352
• Target 2: $0.0340
Volume remains moderate, and the setup looks primed for a reaction soon. Watch closely for a break of structure in either direction.