SERAPH/USDT – Breakout as Price Approaches Key Resistance

Date: July 7, 2025

SERAPH/USDT is showing signs of a potential breakout after weeks of accumulation. The price is coiling tightly just below a key descending trendline resistance, forming a bullish structure with higher lows. Volume remains steady, and momentum indicators point toward increasing strength.

📊 Technical Overview:

Current Price: $0.19643

EMA Levels: Price is now above the 4EMA and other moving averages, signaling short-term bullish control.

Structure: The chart is forming a breakout pattern from a descending triangle, with a tight consolidation near the resistance.

📉 Support Zones:

$0.18000 (minor support)

$0.14000–$0.15000 (major historical demand zone)

📈 Resistance/Target Zones:

First Resistance Zone: ~$0.23000–$0.24500

Main Target: ~$0.30000 (measured move and major supply zone)

📊 Indicators:

RSI: 62.81 – approaching bullish breakout territory but still below overbought, suggesting room to rally

Volume: Slight uptick on green candles – suggests growing interest from buyers

🔍 Chart Structure:

Price broke above the descending trendline once but failed to hold.

Since then, it has formed a clean base with steady higher lows and is now retesting the upper boundary.

Multiple tests of resistance increase the likelihood of a breakout soon.

🎯 Upside Projections:

Short-Term Target: $0.23000–$0.24500

Mid-Term Target: $0.30000+

These projections align with the height of the pattern and previous supply areas.

📉 Invalidation:

Breakdown below $0.18000 would delay the bullish setup.

A move below $0.14000 would invalidate the structure and suggest weakness.