Currently, ZORA/USDT is trading inside a well-defined descending channel, formed since the mid-August peak. The structure shows a sequence of lower highs and lower lows, reflecting mid-term bearish control. However, this pattern also resembles a falling wedge, which often signals a potential bullish reversal if a breakout occurs.
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🔹 Technical Structure
Main Pattern: Descending channel (slightly converging, similar to a falling wedge).
Current Price: ~0.0719 USDT
Demand Zone: 0.055 – 0.062 (strong accumulation area tested multiple times).
Key Support: 0.0387 (chart low).
Resistance Levels:
0.0831 → first breakout trigger
0.0928 → next psychological resistance
0.1169 → mid-term target if momentum holds
0.1433 – 0.1483 → major resistance zone / previous rally high
---
🔹 Bullish Scenario
1. Price must close above the channel’s upper trendline and 0.0831 on the 8H timeframe.
2. A valid breakout should be confirmed with strong volume + successful retest of the upper channel as new support.
3. If confirmed, bullish targets are:
🎯 Target 1 → 0.0928
🎯 Target 2 → 0.1169
🎯 Target 3 → 0.1433 – 0.1483
📍 Note: A failed breakout (false breakout) could send price back into the channel.
---
🔹 Bearish Scenario
1. If price gets rejected at the upper channel or fails to close above 0.0831, downside pressure may return.
2. A strong breakdown below the demand zone (0.055–0.062) opens the path toward 0.0387.
3. Bearish outlook is invalidated if the price sustains above 0.0831 with confirmation.
---
🔹 Conclusion
ZORA/USDT is approaching a critical decision zone.
The descending channel structure provides two clear paths:
🚀 Bullish breakout above 0.0831 → upside targets 0.0928 – 0.1433.
📉 Breakdown below 0.055–0.062 → potential continuation toward 0.0387.
Key decision levels: 0.0831 (resistance) and 0.055–0.062 (support zone).
---
📢 Trading Notes
Always wait for 8H/1D candle close for confirmation before execution.
Risk management is crucial — never enter without a stop loss.
Descending channels often lead to explosive moves once a breakout is confirmed — be prepared.
---
ZORA/USDT is consolidating inside a descending channel. 0.0831 is the breakout trigger for a bullish reversal, while 0.055–0.062 remains the key demand zone. Breakout → targets 0.0928 – 0.1433. Breakdown → risk toward 0.0387. Watch candle close + volume for confirmation.
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#ZORA #ZORAUSDT #Crypto #Altcoins #TechnicalAnalysis #TradingView #ChartPattern #Breakout #SupportResistance #PriceAction
---
🔹 Technical Structure
Main Pattern: Descending channel (slightly converging, similar to a falling wedge).
Current Price: ~0.0719 USDT
Demand Zone: 0.055 – 0.062 (strong accumulation area tested multiple times).
Key Support: 0.0387 (chart low).
Resistance Levels:
0.0831 → first breakout trigger
0.0928 → next psychological resistance
0.1169 → mid-term target if momentum holds
0.1433 – 0.1483 → major resistance zone / previous rally high
---
🔹 Bullish Scenario
1. Price must close above the channel’s upper trendline and 0.0831 on the 8H timeframe.
2. A valid breakout should be confirmed with strong volume + successful retest of the upper channel as new support.
3. If confirmed, bullish targets are:
🎯 Target 1 → 0.0928
🎯 Target 2 → 0.1169
🎯 Target 3 → 0.1433 – 0.1483
📍 Note: A failed breakout (false breakout) could send price back into the channel.
---
🔹 Bearish Scenario
1. If price gets rejected at the upper channel or fails to close above 0.0831, downside pressure may return.
2. A strong breakdown below the demand zone (0.055–0.062) opens the path toward 0.0387.
3. Bearish outlook is invalidated if the price sustains above 0.0831 with confirmation.
---
🔹 Conclusion
ZORA/USDT is approaching a critical decision zone.
The descending channel structure provides two clear paths:
🚀 Bullish breakout above 0.0831 → upside targets 0.0928 – 0.1433.
📉 Breakdown below 0.055–0.062 → potential continuation toward 0.0387.
Key decision levels: 0.0831 (resistance) and 0.055–0.062 (support zone).
---
📢 Trading Notes
Always wait for 8H/1D candle close for confirmation before execution.
Risk management is crucial — never enter without a stop loss.
Descending channels often lead to explosive moves once a breakout is confirmed — be prepared.
---
ZORA/USDT is consolidating inside a descending channel. 0.0831 is the breakout trigger for a bullish reversal, while 0.055–0.062 remains the key demand zone. Breakout → targets 0.0928 – 0.1433. Breakdown → risk toward 0.0387. Watch candle close + volume for confirmation.
---
#ZORA #ZORAUSDT #Crypto #Altcoins #TechnicalAnalysis #TradingView #ChartPattern #Breakout #SupportResistance #PriceAction
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.