$PORTAL đ„đ
This daily chart of $PORTAL /USDT on highlights a bullish market structure and potential upside:
1. Ascending Channel: The price is moving within a well-defined ascending channel, consistently forming higher highs and higher lows.
2. Recent Retest: After breaking above the upper resistance of the channel, the price retraced and is now retesting the breakout level as new support, indicating potential strength.
3. Stochastic Oscillator: The Stochastic indicator shows oversold conditions, signaling a potential bullish reversal from the current level.
4. Target Projection: If the bullish momentum continues, the next key resistance level could be around $1.25, as marked by the dashed line.
This chart suggests a continuation of the bullish trend.
Disclaimer: This is not financial advice. Please conduct your own research before making any investments.