MEGA/USDT: Is It the Coiling Pattern Before the Breakout?

$MEGA ($0.124) remains range-bound in the current coiling formation, according to the latest chart below. With trading close to vital support levels amid rising volatility, an upside break beyond the $0.15 area may lead to a potential advance to the $0.20 mark. Although a bullish formation appears to be setting up, the breakout still isn't confirmed, and the recent price action suggests a slight retracement (-10.88%) at this stage.

MEGA

0.05599

+0.28%