๐Majic USDT is primed for a breakout from its descending channel. The significant volume shown by VVRP could be a strong catalyst for this breakout.
๐In a broader perspective, it's also trading in a triange pattern that's typically on the brink of a breakout.
๐Another factor to consider is that it's trading in a high-demand area, and the overall market conditions are indicating bullish momentum. Notably, BTC, the king of crypto, is also showing significant bullish movement.
๐The box represents an area where the price might experience a pullback due to market uncertainty. However, it's likely to resume its bullish journey from here. Below this, we have a strong support level.
๐In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!