AI has broken out of a multi-month falling wedge pattern, with confirmation from a strong daily candle closing above the descending trendline. Current price is 0.1501 USDT, showing renewed buying pressure post-breakout.
The measured move from the wedge projects a potential target near 0.30 USDT (+130% from the breakout zone). Price action remains constructive, with breakout momentum suggesting potential continuation if support holds.
Key levels:
Breakout zone: ~0.1487 USDT
Projected targets:
• TP1: 0.2000 USDT
• TP2: 0.2500 USDT
• TP3: 0.3000 USDT
Invalidation: Close back below 0.1100 USDT
Pattern breakout confirmed – watching for bullish continuation toward upper resistance.
The measured move from the wedge projects a potential target near 0.30 USDT (+130% from the breakout zone). Price action remains constructive, with breakout momentum suggesting potential continuation if support holds.
Key levels:
Breakout zone: ~0.1487 USDT
Projected targets:
• TP1: 0.2000 USDT
• TP2: 0.2500 USDT
• TP3: 0.3000 USDT
Invalidation: Close back below 0.1100 USDT
Pattern breakout confirmed – watching for bullish continuation toward upper resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.