$RED
The chart shows that after a period of consolidation, the price made a move up to 0.6854 before a retracement. The downtrend that followed found strong support near 0.6200, where the price started consolidating again, signaling potential accumulation by buyers.
With the market stabilizing and forming a base, an upward breakout is likely. The previous pattern suggests that after consolidation, the price tends to rise, making this a bullish signal. If it breaks above resistance, it could regain momentum and push higher.
