Price has successfully broken the descending trendline, signaling a trend reversal from bearish to bullish. The market is now testing a key supply zone around $0.07450 – $0.07550.
Trend Shift: A bullish breakout from the downtrend line indicates buyers are gaining control.
Support: Previous resistance near $0.07370 may now act as strong support on any pullback.
Resistance: Price is currently at resistance; if broken, next key zones are around $0.07650 and $0.07850.
Bias: Bullish, as long as price holds above the broken trendline and EMA. However, short-term rejection from current resistance is possible before continuation.
Trend Shift: A bullish breakout from the downtrend line indicates buyers are gaining control.
Support: Previous resistance near $0.07370 may now act as strong support on any pullback.
Resistance: Price is currently at resistance; if broken, next key zones are around $0.07650 and $0.07850.
Bias: Bullish, as long as price holds above the broken trendline and EMA. However, short-term rejection from current resistance is possible before continuation.
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