#IDUSDT Seeks Upside Break and 66% Growth Potential

5 lug 2023

💎IDUSDT has recently formed a double bottom pattern near the critical $0.25 support level, establishing a robust demand area. This development highlights the significance of this price zone.

💎Moreover, the subsequent break above the downtrend trendline suggests a role reversal, with the trendline now serving as a potential support level. However, the price has encountered resistance at the supply area, raising concerns about the likelihood of an uptrend.

💎In light of these observations, the MCP team will closely monitor the price action of #IDUSDT, particularly focusing on a potential breakthrough above the supply zone. Such a breakout would free up liquidity and pave the way for further gains.

💎In fact, there is a possibility of a 66% increase from the current level. This projection is substantiated by the presence of a strong resistance at the double Fibonacci level, coinciding with the downtrend trendline. Additionally, we will carefully monitor two other double Fibonacci resistance levels, as any bounce off these levels could trigger a significant pullback.

Stay informed and prepared, Paradisers, as we navigate the #IDUSDT market dynamics and uncover valuable opportunities amidst the evolving landscape. 🌴