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🔍 Analyze asset LAUSDT (Lagrange) — support or final capitulation?💥
On the 8-hour chart of LAUSDT, a key phase has been observed—this asset is approaching a strong support area 🟣, located at $0.32–$0.33, which has repeatedly withstood selling pressure. This is an area of interest where positions have been established before 📊.
📉 The downward trend remains dominant, confirmed by the blue resistance trend line at (. Each attempt to break through has ended in a pullback. However, interestingly, the price is no longer making new lows, which may indicate the formation of a local bottom 👀.
☁️ The Ichimoku indicator has issued a strong support signal - the price is located below the cloud, and the line cross indicates ongoing bearish pressure. However, the distance from the cloud is narrowing, which may signal an attempt at trend reversal 🚦.
📉 SMA 7 and SMA 25 are above the current price, confirming short-term weakness. However, this could also become fuel for a future rebound: once the trend line is broken, it may rapidly move to $0.34–$0.36 🚀.
📌 Key levels:
🔻 support: $0.3220–$0.3280 ) Bull market interest zone (
🔺 support: $0.3460 / $0.3600 ) when breaking through the trend line (
❗️ Potential risk zone: Falling below $0.3180 may lead to accelerated decline
🧠 Conclusion: The asset is at a critical level. A breakout above the descending trendline and solidly above $0.34 could be a trigger for a reversal 📈. Attention needs to be paid to the volume and price reaction in the support zone. The market is waiting—movement may start soon ⚡️