- The price has been moving within a rising channel since February. - After reaching a peak in mid-June, the price started to decline and formed a triangle pattern. - By mid-July, the price seems to have broken out above this triangle formation, indicating a potential upward movement.
2. Chart Patterns - Initially, the price was within an ascending channel but later fell below this channel, forming a descending triangle pattern. - The recent price action suggests a breakout above the resistance line of the descending triangle, signaling a bullish move.
3. Support and Resistance Levels
- Significant support levels are observed around 0.00000800, 0.00000600, and 0.00000400. - Resistance levels are identified at 0.00001200, 0.00001600, and 0.00002200.