Yello, Paradisers! Is #ANKRUSDT poised for a breakout, or are we heading deeper? Let’s break down this critical setup for Ankr.

💎#ANKR has been trading within a descending channel on the 4-hour chart. The price is approaching the descending resistance of this channel and the next few candles will determine whether bulls are ready to take control.

💎For #ANKRUSD to confirm a breakout, it must decisively close above the $0.0406 resistance level. This would open the door to a rally towards the major resistance zone at $0.0485, where sellers may return in force. A strong breakout here could fuel momentum for further upside, potentially targeting even higher levels.

💎If buyers push the price above $0.0485, it will signify a major shift in market sentiment, and we could see #ANKR head toward $0.0580 or higher. To confirm this breakout, you need to watch for increased trading volume and strong bullish candles. Without these signals, any upward move risks being a fakeout.

💎On the flip side, failure to break the descending resistance could lead to a pullback toward the $0.0330 support level. If this support doesn't hold, the price may retest the demand zone at $0.0277.

💎A 4-hour candle close below $0.0277 would invalidate the bullish setup and could trigger a sharp decline toward $0.0250 or even lower. Traders should exercise caution if this scenario unfolds.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise

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