After a prolonged pullback, the price has broken away from the downtrend line and is currently trading at 0.002632. Upward momentum is clear, with a target of the 0.0035 resistance level.
BTC and S&P 500 showing similar bottoming structures. If history rhymes, we may be entering another accumulation phase before the next major move. Key levels and confirmation remain critical.
LATEST: 🇺🇸 Franklin Templeton's Chris Perkins says crypto will be "just fine" even if the CLARITY Act doesn't pass, thanks to the next three years of SEC and CFTC precedent under Atkins and Selig.
Increased communication between regulators and emerging technologies is expected to boost market expectations in the short term; the crypto industry is focused on future policy directions, and overall sentiment is positive.
🇺🇸 JUST IN: The CFTC will discuss crypto regulation, AI agents and prediction markets at its inaugural Innovation Advisory Committee meeting on Aug. 20.
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Unless the bulls can forcefully pull the price back above the white dotted line in the next few days (forming a long lower shadow), the downside is basically flat with little support.