Date: June 4, 2025
ANIME/USDT has finally broken out of a key resistance zone that had capped price action for several months. The chart reveals a prolonged accumulation phase followed by a clear breakout, supported by rising volume.
📊 Technical Overview:
Current Price: $0.03233
Breakout Zone: $0.030–$0.032 (now acting as support)
EMA Status: Price is trading above both the 4EMA and 200EMA, indicating bullish momentum.
📈 Indicators:
RSI: Currently around 66, suggesting strong momentum but not yet overbought.
Volume: Noticeable increase in volume during the breakout — a sign of institutional or high-conviction interest.
🔍 Market Structure:
After forming a solid base and respecting the moving averages, price has broken through the horizontal resistance.
The breakout aligns with historical spikes (see vertical bars), suggesting potential for continuation.
🎯 Targets:
First Target: $0.0522
Second Target: $0.0889
These levels align with historical resistance and volume profile peaks.
📉 Invalidation Level:
A daily close below $0.030 would invalidate the breakout and indicate a potential return to range-bound behavior.
Good trading!
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Disclaimer
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.