PORTAL MARKET STRUCTURE UPDATE 🚀

I am tracking $PORTAL closely as volume expands, with a 128.08% gain in the last 24 hours, indicating a potential upside of over 10% to reach the upper end of the range 📈. The current price of $0.01795 is hovering around the resistance zone of ~$0.01879, which shouldn't lead to a significant increase in liquidity pools if the resistance zone is breached. As $PORTAL breaks out of its support zone of ~$0.007869, it's crucial to assess the order blocks and volume profile to identify potential market structure shifts, with $273.81M in 24-hour volume supporting this momentum, a clean breakout above the resistance zone could drive the price higher, potentially leading to a 15% move to the next significant level 💥.

I'm focusing on $PORTAL's ability to hold above the mid-range of $0.01336, as a failure to do so could lead to a 10% correction, whereas a successful hold could lead to a 20% move upwards, driven by the bullish market sentiment and the coin's current technical momentum acceleration 🟢.

The funding rates for $PORTAL are relatively stable, indicating a balanced market, which is a positive sign for the coin's potential to continue its upward trajectory, with the current price action suggesting a potential target of $0.02250, representing a 25% move from the current level, driven by the coin's strong volume profile and market structure 🚀.

DYOR

#PORTAL #GENERAL_ALTCOIN #Crypto #BinanceSquare