"The asset was under strong pressure from short participants and reached a value of $0.49255, where buyers began to show their activity, and the price gradually started to rise. Subsequently, the coin began to form the 'Cup and Handle' chart pattern, indicating the presence of strong buyers. The final confirmation of this pattern occurs when the asset breaks through the resistance level from which its formation began, as we can observe on the chart.
On a global scale, the coin is experiencing a full trend reversal to the upside, as indicated by the aforementioned pattern, as well as the 'Golden Cross EMA,' which confirms a bullish sentiment in the asset. It is also significant that trading volumes are increasing, symbolizing the interest of long participants. It is likely that we will see the price consolidate above the $0.63988 resistance level with further subsequent growth.
On a global scale, the coin is experiencing a full trend reversal to the upside, as indicated by the aforementioned pattern, as well as the 'Golden Cross EMA,' which confirms a bullish sentiment in the asset. It is also significant that trading volumes are increasing, symbolizing the interest of long participants. It is likely that we will see the price consolidate above the $0.63988 resistance level with further subsequent growth.