W/USDT continues to move within a well-defined descending chann

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🔻 The price has dropped around –96% from its all-time high.
That doesn’t guarantee a bottom — but further downside is no longer a given.
🚫 Opening shorts in this zone looks questionable,
especially considering the broader altcoin market structure.

📊 A more strategic approach would be to trade from the average price,
targeting a potential return to key resistance levels.

🎯 A bullish scenario points toward a move to the top of the channel,
with a potential +100% upside from current levels.

🪙 Worth noting: a major token unlock took place back in April —
those tokens are already in circulation, which reduces selling pressure.

📌 Still, a drop to the lower channel support can’t be ruled out —
this area should be considered in any risk-managed strategy.

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Breakout Attempts After Capitulation

After entering the capitulation zone, price has been squeezed into a triangle. We now see attempts to break out to the upside, supported by large market buy candles (“skyscraper” green bars).

Bullish scenario: a confirmed breakout above the triangle could trigger further upside.

Bearish scenario: a pullback to the $0.05–0.06 zone (horizontal channel) remains possible before a new attempt to break higher.