PORTALUSDT

🔹 Price Action Overview:
Downtrend Continuation:
PORTAL has been in a consistent downtrend since its peak near $0.38, forming lower highs and lower lows. The price is currently trading at $0.0632, showing signs of temporary support formation.

Falling Wedge / Bullish Reversal Setup:
A descending structure (dotted trendline) is visible, suggesting a potential falling wedge—a classic bullish reversal pattern. This is further supported by a flattening bottom with diminishing bearish momentum.

🔸 RSI Analysis (Relative Strength Index):
RSI Divergence:
A bullish divergence is forming between price and the RSI:

Price is printing lower lows.

RSI is forming higher lows.

This often signals weakening selling pressure and a possible reversal if confirmed with bullish price action.

RSI Value:
Current RSI sits at 43.72, with the signal line at 44.39. It’s nearing the neutral 50 level, and a crossover above this may confirm bullish intent.

🟧 Resistance Zone:
Major Supply Zone:
The area around $0.34–$0.38 is marked as a key resistance (orange zone) from the previous top. If the reversal confirms, this zone will act as the primary bullish target.

🧠 Conclusion:
Bias: Neutral to Bullish

Key Confirmation: A breakout above short-term resistance (around $0.07–$0.075) on strong volume and an RSI breakout above 50 could confirm a trend reversal.

Invalidation: A breakdown below the wedge support and RSI slipping under 40 would invalidate the bullish setup and continue the bearish trend.
Stop loss 1DAY candle close under 0.0540$