#PORTAL/USDT
#PORTAL
The price is moving in a bearish channel pattern on a 12-hour frame, which it adheres to perfectly.
We have a tendency to hold above the moving average of 100.
We have a downtrend on the RSI indicator
that supports the rise and is about to break higher
Entry price is 0.9400
The first goal is 1.18
The second goal is 1.60
the third goal is 1.92
the fourth goal is 2.32
PORTALUSDT
PORTAL/USDT If break the descending, Indicating bullish momentum💎 PORTAL has recently undergone notable market dynamics. Presently, PORTAL has successfully reclaimed its position above the support area and is now approaching the resistance of a descending channel pattern.
💎 A breakout above this pattern would signal bullish momentum, probability propelling the price further upward toward our target resistance area.
💎 However, should PORTAL fail to break above the pattern and retreat back to the support level, there's a risk of losing the support, leading to a potential downturn towards the demand area around $1.8 - $1.7.
💎 PORTAL must bounce from the demand area and reclaim its position above $2.07 to sustain upward momentum.
💎 Failure to do so could result in further downward movement, particularly if key support levels are breached.