Bullish Pennant in ARDR: A Pause Before Another RallyAfter an aggressive surge marked by a big green candle, BINANCE:ARDRUSDT is now moving sideways. This sideways action represents a "voting phase" between buyers and sellers — a battle to decide who will take control next.
Looking at the current price structure, this consolidation is setting up a potential continuation move toward the next target zone at 0.15199 – 0.15900.
Technically, the sideways movement is forming a bullish pennant pattern — a classic sign where price briefly pauses after a strong rally, gathering momentum before continuing its upward trend.
One thing to watch: after breaking the previous high (marked by the red arrow), price should not fall back into the pennant structure. A re-entry would weaken the bullish setup.
As long as price holds above the key support at 0.12273, the bullish scenario remains intact.
What's your view on this setup?
