$HIGH :1Day timeframe! It bounce back or break its support KEEP AN EYE

1. Uptrend Scenario:

- The price could bounce off the current support level (around 1.96 USDT) and move upward.

- The next resistance zone is around 3.60 USDT, which was previously a strong support level.

- If the price breaks above this resistance, it might target the next resistance at approximately 5.40 USDT.

- Continued upward momentum could see the price aiming for highs around 8.00 USDT.

2. Downtrend Scenario:

- If the price fails to hold the current support level of 1.96 USDT, it could break downward.

- The first support level below this is around 1.30 USDT.

- Further downward movement might target the next support zone around 0.80 USDT.

- Sustained selling pressure could push the price even lower, possibly towards 0.50 USDT.

The chart highlights critical support and resistance levels that will determine the next direction based on the market's reaction to these zones.

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