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$CELR
has been traded within the long-term down channel for months, but the structure is now starting to change.
The recent price approaches the upper trend line of the channel and is now pushing higher with higher lows, approaching the major down resistance around 0.0031 – 0.0033.
What’s happening:
Bullish structure formed from below the channel
Short-term upward trend line holds well
Price is pressing against the major resistance
The green highlighted area above marks a large HTF FVG zone, which could be the next target if the breakout momentum continues.
Bullish scenario:
A clean breakout above the down resistance could trigger an expansion toward 0.0045 – 0.0055, with potential continuation to a higher FVG zone afterward.
Bearish scenario:
If rejected from the current resistance, the price may retest the support area of 0.0024 – 0.0025 before attempting to rise again.
Currently, CELR is at a critical breakout point, and momentum is gradually supporting bulls after a long downtrend phase.
#GateSquareMayTradingShare