Yello, Paradisers! Are you ready for what could be a huge move on #BAL? Let's discuss the latest analysis of #Balancer to see what's happening:
đ#BALUSDT is currently showing strong signs of a bullish continuation, holding steady at the critical support level around $1.76. Weâve been closely tracking Balancerâs journey within a Descending Broadening Wedge pattern, and now it's making a move to break through that descending resistance line.
đVolume has been solid for a while now, and just two months ago, BBAL made its all-time low. You know the saying, "Once we hit the bottom, the only place left to go is up!" sounds completely true in this scenario.
đIf BBAL maintains its strength at this level, we could be on the brink of a significant rally, following past bullish trends. A breakout above the $2.57-$3.07 resistance zone could pave the way for higher targets and potentially new highs.
đHowever, If momentum fades around this critical support, a pullback to the lower demand area near $1.533 could be on the cards. A daily close below this demand area would invalidate our bullish outlook and could signal further downside ahead.
Stay vigilant, Paradisers, and closely monitor #BAL's price action.
MyCryptoParadise
iFeel the successđŽ
