$USDC After the price reached its low at $3,000, it formed a large rounded base resembling a traditional cup pattern. The price broke the downward channel near $6,000 with high momentum green candles, elevating the pair above $15,000. The upward arrow from the current level of $15,407, which is a projected level, indicates a move towards $45.

This visual representation aligns with the target of the bullish structural cup. The key support and resistance levels are clearly indicated on the vertical axis, ranging between $2,300 and $170,000, defining the range of fluctuations and historical pressure points. These levels highlight the price movement, reinforcing bullish expectations about the future trajectory of the asset.

Analysts' reading on technical momentum

The market analyst CryptoELITES presented their interpretation based on a single point for this setup, derived from the same structure