The chart shows an accumulation channel that lasted more than 90 days. Now the price has been able to successfully break through it, which tells us about the strength of buyers and positivity in the market. Since the price was in a downward channel for 135 days and in accumulation for 90 days, we can expect a price increase in the region of 100 days.

Of course, the price still has to show a small correction, a slight breakdown of the upper border of the channel, a return and consolidation above it. After this, the market will believe in the positive and active buying will begin. The target after the correction will be the range of 0.25-0.38, but before that the price will encounter high pressure in the area of 0.23-0.3

Our previous call on cgpt is up 2x #ChainGPT