$LIGHT SET TO EXPLODE: BULLISH TREND IGNITES A RALLY!
$LIGHT has surged by 25.71%, reaching a solid price of $1.124, and is showing clear signs of sustained upward momentum. With a market cap of $48.39M and growing liquidity, $LIGHT is positioned for a continuation of the rally. The strong support around $1.00 and the breakout above recent highs signal that further gains are likely, especially with the next target at $1.50. The current trend suggests that this is just the beginning of a more significant move higher.
Trade Setup:
Entry Zone: $1.12 - $1.13
Take Profit 1: $1.50
Take Profit 2: $1.76
Stop Loss: $1.00
Market Outlook:
Momentum is strong, with the 7-period MA showing continued bullish pressure. $LIGHT is trending above its key support at $1.00, and the next resistance zone is at $1.50, which is expected to be tested soon. On-chain metrics confirm a healthy increase in holders, signaling confidence in the asset. Watch for a break and hold above $1.13 for confirmation of the next rally towards the $1.50 range.
