ALPHAUSDT

Price was influenced by the sellers (bears), which pushed the price from the major resistance zone at the price of 2.2000 to the major support zone at the price of 0.5129. Since then, the price has been consolidating, and form a minor resistance at 1.000. However, the price has also formed a chart pattern known as Falling Wedge which signifies an uptrend. If the price can break and close above the resistance trendline, a bullish pressure will come in place to the minor resistance zone, and a break above the minor resistance line, another bullish pressure will set in further up following the arrow drawn.
Chart PatternsTrend Analysis

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