Descending Wedge: The price has been moving within a descending wedge pattern, typically a bullish signal that could lead to a breakout.
Breakout Potential: The price is nearing the wedge's top line, indicating a possible breakout. If the price breaks out, it could rally towards the first target of $0.0200.
Hunt Area: The price found support in the "hunt area," which suggests accumulation and potential for upward movement.
Final Target: The overall target, if the bullish momentum continues, is set around $0.0268.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.