It is clear that the price is moving within a descending channel, which is often considered a bullish formation. The current support zone is highlighted in blue and is approximately around $0.50. From this level, the price has the potential to rise, with key resistance levels as follows:
$0.5490 (+9.01%)
$0.6000 (+18.87%)
$0.6483 (+28.73%)
A breakout from this wedge to the upside could lead to significant growth, so it is important to monitor these resistance levels closely.
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