Alright, let's break down this $PORTAL chart.
Looking at the 1-hour timeframe, we've had a pretty decent bounce since the lows around 0.0537 on the 19th. Volume looks like it picked up on that initial pump earlier today, pushing us up towards 0.064.
However, that rally got rejected pretty hard, and we've pulled back quite a bit. Right now, we're finding some support around the 0.0587 area – that seems to be holding for now.
The 24-hour high was 0.0606, which we've just dipped below.
For the next move, if 0.0587 holds, we could see another push towards that 0.060-0.061 resistance zone. But if it breaks, the next level of support I'd be watching is closer to 0.056. Volume on this current consolidation is a bit lower, so we need to see some conviction to make a clear move.
Keep an eye on that 0.0587 level. Could be a critical point.
