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Based on this chart, drawing a bullish scenario, the strong support is functioning around the lowest point of 0.001061 USDT, and the rebound continues from this line.
The current price (about 0.005180 USDT) is gradually rising after a period of adjustment, and the focus is on whether it can break through the next important resistance of 0.006000 USDT.
With the formation of a golden cross and an RSI level above 50, there are indications of increased buying pressure.
Also, the volume has been increasing near the bottom, indicating that buyers are returning to the market. If this trend continues, there is a high possibility of retesting the recent high of 0.010752 USDT.
Furthermore, if it clearly breaks through this high, there is also potential for a move aiming at the psychological level of 0.012000 USDT.
However, it is important to manage risk as there is a possibility that the bullish scenario may collapse if there is a move that falls below 0.004000 USDT. Currently, as long as the development of challenging the breakthrough of resistance while protecting support continues, the continuation of the bullish trend is expected.