Fluctuations between the support and resistance levels

Price fluctuating within a crucial ascending channel. Breaking upper resistance may lead to an upward move, while failing to hold support could result in a decline.

6/28/20241 min read

Chart showing price in an ascending channel with fluctuations between support and resistance levels,
Chart showing price in an ascending channel with fluctuations between support and resistance levels,

The price is currently in a crucial ascending channel, with noticeable fluctuations between the support and resistance levels. Investors should monitor the price action within this channel. Breaking the upper resistance could lead to a strong upward movement, while failing to hold the support may result in a decline.