MULTI Preparing for a Bullish Rally | MULTI/USDT Analysis
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๐Yello, Paradisers Attention on #MULTIUSDT! Having recently escaped a descending channel, the asset is aligning for a potential bullish journey.
๐The VRVP is a pivotal factor in this optimistic outlook, acting as a solid foundation of support. The substantial trading volume observed is further intensifying the bullish wave.
๐In the distance, a significant supply zone is emerging, which the price is poised to interact with and possibly neutralize. This interaction could be a pivotal point for MULTIUSDT.
๐If the price descends below the VRVP support, we could witness a bullish resurgence from the $2.17 level. However, considering the volatile nature of the market, a break below this point could open the gates for a shorting scenario.
๐Stay informed and watchful for more updates and insights!
Note: We are well aware that Multichain services are unavailable to the users. But we are seeing a huge interest from the whales so you need to practice caution.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.