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ZROUSDT Breaks Out of Rectangle PatternBINANCE:ZROUSDT Technical analysis update ZRO/USDT price has broken out of a rectangle pattern after 165 days of consolidation, supported by high trading volume. With a current market cap of $710 million, ZRO has the potential to reach a valuation of $3–$5 billion by the end of this bull cycle. This breakout marks a significant shift in market momentum, making it an opportune time to accumulate ZRO and hold for potential long-term gains. Additionally, the strong volume indicates increasing investor interest, further supporting the bullish outlook.
Long
by HexaTrades
3
BTC: Potential Bullish Opportunity After RetestBTCUSDT (Day Chart) Technical Analysis update Recently, BTC price broke through the broadening wedge resistance line and reached the peak resistance level of the wedge. However, the price was rejected at this peak and is now retesting the broadening wedge resistance, which may now act as support. After some consolidation around this level, we could anticipate a strong bullish move, making this an attractive buying opportunity for BTC.
Long
by HexaTrades
1
Altcoin Market Signaling Potential Bullish Run to $1 TrillionTotal Alt Coins Market Cap analysis update After a significant upward movement in the market cap, consolidation within a descending channel or flag suggests a period of profit-taking and market indecision, though the overall structure remains bullish. The market is approaching the upper resistance of the flag, signaling the potential for a breakout. Once the breakout is confirmed, a bullish move can be expected. Based on historical price action and technical patterns, the next major target post-breakout could be around $1 trillion before end of 2024.
CRYPTOCAP:TOTAL3Long
by HexaTrades
AXSUSDT Rectangle PatternAXSUSDT Breaks Out of Rectangle PatternAXSUSDT Technical Analysis update AXSUSDT has formed a rectangle pattern at the bottom near its major yearly support level. The price has broken the rectangle pattern resistance on the daily chart, indicating a potential bullish move from the current level. The price is trading above the 100 and 200 EMAs on the daily chart, with a noticeable rise in volume in recent candles is also considered strongly bullish.
Long
by HexaTrades
1