Technical Analysis:
Price remains in a strong Uptrend across all timeframes. Recently, it broke above the $0.37 resistance and prior swing high, signaling renewed bullish momentum. The presence of a Dragonfly Doji at this breakout level reinforces the bullish case, as the long lower wick indicates that sellers pushed the price lower but were overpowered by buyers. Momentum remains positive, as the MACD Line is above the Signal Line, and the RSI confirms the price is not yet overbought (RSI < 70). The breakout positions the price to target the next key resistance at $0.48, with potential for further upside if bullish conditions persist.
Entry Zone:
Enter on a confirmed breakout above $0.37, or on a pullback and retest of this level as new support.
Targets (Take Profit):
TP1: $0.48 (+30%).
TP2: $0.55 (if bullish momentum continues).
Stop Loss:
Below $0.35 to limit downside risk.
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