CYBER/USDT Break Alert! Indicating Continue The upward Movement!
💎 CYBER has recently exhibited significant market dynamics, breaking out of the ascending channel pattern, which indicates a continuation of bullish upward movement.
💎 However, before continuing its ascent, the price is likely to undergo a retesting phase at the support trendline around the $10.5 area. Following this retest, CYBER may resume its upward trajectory, probability of reaching our target area.
💎 During the retesting phase, it's crucial for CYBER to bounce off the support trendline to confirm the bullish momentum. However, if CYBER fails to bounce and closes below the support trendline, this could signal a false breakout. In such a scenario, the price may retreat downwards, potentially reaching the demand area of around $8.3.
💎 At the demand area, it's imperative for CYBER to bounce, as it serves as both a historical support level and the lower boundary of the ascending channel. If CYBER fails to bounce and breaks below the demand area and the support line, this could mark a shift to bearish momentum.
💎 In this case, the bullish trend would be broken, and the price could continue moving downwards, potentially reaching even lower levels.
💎 However, before continuing its ascent, the price is likely to undergo a retesting phase at the support trendline around the $10.5 area. Following this retest, CYBER may resume its upward trajectory, probability of reaching our target area.
💎 During the retesting phase, it's crucial for CYBER to bounce off the support trendline to confirm the bullish momentum. However, if CYBER fails to bounce and closes below the support trendline, this could signal a false breakout. In such a scenario, the price may retreat downwards, potentially reaching the demand area of around $8.3.
💎 At the demand area, it's imperative for CYBER to bounce, as it serves as both a historical support level and the lower boundary of the ascending channel. If CYBER fails to bounce and breaks below the demand area and the support line, this could mark a shift to bearish momentum.
💎 In this case, the bullish trend would be broken, and the price could continue moving downwards, potentially reaching even lower levels.
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