Current Trend The asset has recently shown a strong reversal from a prior downtrend (marked by the blue and white descending channel). It has broken above this channel and is now forming higher lows, indicating a potential short-term uptrend is beginning.
Prediction Given the breakout from the descending channel and the current price action staying above the depicted support, the price is expected to continue its upward movement in the short term. The immediate target for buyers would be TP1, with potential to reach TP2 and TP3 if the bullish momentum sustains.
