1. Price forecast
Short term forecast:
The current price is around $0.145. Most of the holders are "in the money", which may lead to profit taking and a short-term correction. The $0.13 - $0.14 zone acts as a strong support.
Medium term forecast:
Further gains are expected if the price consolidates above $0.15 and breaks resistance at $0.17. A break of this level could serve as a catalyst for continued upward movement.
2. Support and resistance levels
Support levels: $0.13 - $0.14 and $0.10 - $0.11. Resistance levels: $0.17 and $0.20.
3. Points for a long position
Entry point: Entry is possible at a rollback to $0.13 with signs of a reversal. Exit point: Targets at $0.17 and $0.20. Stop loss: At $0.125.
4. Points for short position
Entry point: Short entry is possible with an unsuccessful breakout of $0.17 and a downward rollback. Exit point: Targets at levels $0.14 and $0.13. Stop loss: Level $0.175.
5. Scenarios
Long scenario: The probability is 60%, given the stable support in the $0.13-$0.14 region.
Short scenario: The probability is 40%, possible with an unsuccessful breakout of the $0.17 level.
Bottom line: Strong support at current levels makes the long scenario more likely.
