The Accumulation Phase (2023-2024) is marked on the chart, showing a period of consolidation where price moves within a range. This phase indicates that buyers and sellers are reaching equilibrium, setting up a strong foundation for future price movement.
The Demand Zone (2025) is represented by the blue dashed area, a key level of support where price could experience a bounce. This zone is crucial as it could offer an entry point for long trades before a potential breakout.
The chart projects a Bullish Breakout (2025 and beyond), where the price is expected to rise significantly after the accumulation phase.
Potential Target: The price is projected to rise significantly after the breakout, potentially reaching targets as high as $16 based on the breakout from the demand zone.
Overall Outlook: The chart suggests a well-planned accumulation phase with a likely bullish breakout in 2025. Keep an eye on the demand area for potential entries and watch for upward momentum as price breaks above key resistance levels.