The chart clearly shows an upward trend with consecutive higher lows (white trendline support). This indicates a stable upward price movement supported by buyers.
Support Zones: Highlighted zones (blue circles) indicate levels where the price found support after short-term pullbacks. These levels serve as a foundation for further growth.
Growth Potential: There are two target zones on the chart:
29.27% growth: The first target zone is around $0.38. This is a realistic goal for those holding a short-term position. 38.38% growth: A more ambitious target zone is around $0.40. This level could become the next key resistance.
Possible Correction: Small retracements (represented by wavy arrows) are a normal part of the market cycle. They may pull the price back to the support zone, but as long as the trend remains upward, there is no reason for concern. The key is maintaining the trendline support.
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