Trend & Pattern
Downtrend: Since mid-December 2024, the price has been in a downtrend, as shown by the falling trendline.
Potential Reversal: A breakout from the descending trendline seems to have occurred recently (early April 2025), suggesting a potential trend reversal.
Key Levels
Support Zone: Around 0.00000580 USDT, where price has previously bounced multiple times (strong demand zone).
Resistance Zones:
0.00000850 – 0.00001000 USDT: First major resistance area, also near the 200 EMA (~0.00001098).
0.00001300 – 0.00001500 USDT: Next resistance if the price manages to break above 0.00001098.
0.00001717 USDT: Final target shown on the chart (upper resistance).
Indicators
200 EMA (Blue Line): Currently above the price (~0.00001098), acting as dynamic resistance. A breakout above this would confirm bullish momentum.
Potential Scenarios
Bullish Case (as drawn):
Price breaks above the current level and retests the breakout area (~0.00000850).
Continues to climb toward the 200 EMA (~0.00001098).
If that breaks, the price could move toward the 0.00001300–0.00001500 region and possibly to 0.00001717.
Bearish Rejection:
If rejected at resistance (~0.00000850 or 0.00001098), price may fall back to the support region around 0.00000580.
Conclusion
The chart suggests a bullish breakout scenario is in play.
A close above 0.00000850 would be a good bullish confirmation.
Watch 0.00001098 (200 EMA) closely—if broken, the uptrend may gain strong momentum.
Downtrend: Since mid-December 2024, the price has been in a downtrend, as shown by the falling trendline.
Potential Reversal: A breakout from the descending trendline seems to have occurred recently (early April 2025), suggesting a potential trend reversal.
Key Levels
Support Zone: Around 0.00000580 USDT, where price has previously bounced multiple times (strong demand zone).
Resistance Zones:
0.00000850 – 0.00001000 USDT: First major resistance area, also near the 200 EMA (~0.00001098).
0.00001300 – 0.00001500 USDT: Next resistance if the price manages to break above 0.00001098.
0.00001717 USDT: Final target shown on the chart (upper resistance).
Indicators
200 EMA (Blue Line): Currently above the price (~0.00001098), acting as dynamic resistance. A breakout above this would confirm bullish momentum.
Potential Scenarios
Bullish Case (as drawn):
Price breaks above the current level and retests the breakout area (~0.00000850).
Continues to climb toward the 200 EMA (~0.00001098).
If that breaks, the price could move toward the 0.00001300–0.00001500 region and possibly to 0.00001717.
Bearish Rejection:
If rejected at resistance (~0.00000850 or 0.00001098), price may fall back to the support region around 0.00000580.
Conclusion
The chart suggests a bullish breakout scenario is in play.
A close above 0.00000850 would be a good bullish confirmation.
Watch 0.00001098 (200 EMA) closely—if broken, the uptrend may gain strong momentum.
Disclaimer
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.
Disclaimer
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.