💎#ID recently broke out of a well-defined descending channel—a structure often signaling a shift in trend. Currently, the price is consolidating near the $0.423 support zone, a critical level to watch for the next move. For bulls to regain momentum, the price must decisively break above the $0.5773 resistance zone. This will confirm the breakout and open the door for a significant rally.
💎If #IDUSD successfully reclaims the $0.577 resistance level, the next key hurdle lies in the major resistance zone around $0.750. A breakout above this level would likely trigger a strong upward move, potentially targeting even higher levels. Watch for increased trading volume and strong bullish candles above $0.577 as confirmation of market strength.
💎On the downside, if the price fails to hold above the $0.423 support zone, a retest of the demand zone near $0.366 becomes highly probable. This area has historically attracted buyers, but if it fails to hold, the bullish setup will be invalidated.
💎A daily close below $0.366 could lead to further downside pressure, with potential targets near $0.3000 or lower. So, let's see how this #ID setup turns out, but the probability of it going up is higher.
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👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸