DAGUSDT at monthly support, likely to move up towards 0.20

The price had bounced from monthly support MS1 last year and went up till monthly resistance MR1. From there it has been on decline since march 2024. Now the price has approached monthly support MS1 again. This facilitates the bounce of the price from this support. That means it is likely that the price will reverse from here and will start its upward journey again from here. I believe when the price approaches monthly resistance MR1 this time, though it will be held back for a while and might experience a bit of pull back, ultimately it will break this resistance and head towards monthly resistance MR2.