Drop and breakout scenario

SSV/USDT is in a ranging trend with significant fluctuations. Watch for a potential drop to gather strength before buyers attempt to break the descending trendline. A successful breakout and pullback could lead to significant upward movement.

6/22/20241 min read

SSV/USDT price chart showing a ranging trend with significant fluctuations and a descending trendlin
SSV/USDT price chart showing a ranging trend with significant fluctuations and a descending trendlin

The overall trend is ranging with significant fluctuations. There is a descending trendline that buyers are trying hard to break out of.
The scenario involves a potential drop to gain more strength and then move towards breaking the trendline. If it breaks and completes a pullback, it could see significant upward movement. Keep an eye on it.