The market price has returned to defend a key support area while breaking the downtrend line that has controlled the market for several months. This type of shift usually indicates the first phase of a potential trend reversal.
The market is now trying to regain structure, and this area is the main battleground. As long as the price remains above this support area, momentum can continue to build for a move higher.
If buyers continue to dominate, RESOLV has a clear path towards the next resistance level, and a successful breakout there could open the door to much larger expansion towards the key supply area above 🚀
But if the price loses this support again, the breakout becomes a false move and the market may slip back into the range.
RESOLVUSDT
Perp
0.03996
+6.05%