Can #JOE Bulls Continue this Bullish Momentum? Key Levels Yello Paradisers! Is #JOE about to break out of this falling wedge, or will the bears take full control? Here's why the next move could be massive for #JOEUSDT:
💎#JOEUSD has been trading within a falling wedge formation, consistently rejecting from its descending resistance. This pattern is typically bullish, but we need a confirmed breakout before expecting an explosive move. Currently, JOE is holding above a strong support zone at $0.1390 - $0.2099, where buyers have previously stepped in.
💎A bullish divergence is forming on the MACD histogram, suggesting weakening bearish momentum. However, for bulls to take charge, #JOE must break through the descending resistance and reclaim $0.3709 as support. If this happens, we could see a strong rally toward the $0.60+ zone, where major resistance awaits.
💎The major support zone sits at $0.209 because the bulls have stepped here to defend this level. However, if it fails, the last line of defense is at the $0.139 strong support level. As long as support holds, buyers have a chance to push #JOE higher.
💎If the support at $0.139 fails, the bearish scenario could unfold, driving #JOEUSD into a deeper correction phase. The structure remains intact for now, but a breakdown would trigger further downside risk.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
