• LIKE second falling wedge forms near the lower trendline, indicating accumulation and potential for significant bullish price movement.

  • Price rebounded from $0.24 to $0.25 showing renewed investor interest and short-term trend reversal.

  • Market capitalization surge from $1.6 million to $2.2 million shows an increase in market participation.

LIKE price pattern signals a potential upward move following an extended consolidation phase. The crypto shows technical formations that suggest a period of accumulation could be occurring near key support levels. 

Falling Wedge Formations Indicate Potential Reversal

The daily chart of LIKE shows two falling wedge patterns forming at different periods. The first wedge, from mid-2022 to early 2023, resulted in a large breakout rally. This confirmed the effectiveness of the wedge as a bullish reversal indicator for the asset.

A second wedge is forming from 2024 into late 2025, with prices currently near the lower trendline. This position may suggest accumulation, where investors gradually buy in anticipation of a breakout. 

Reduced trading volume during this phase aligns with the typical wedge structure, reflecting lower volatility. According to a recent X post from analyst JAVONMARKS, past rallies achieved gains over 14,800%, suggesting potential future upside.

                                       Source Javon Marks Via X 

The projected target could extend toward the $0.87 level if buying pressure returns. However, a breakdown below the lower boundary would invalidate the pattern.

Short-Term Price Movements Show Recovery

Recent price action from mid-October to mid-November indicates a decline followed by a recovery phase. LIKE initially traded around $0.27–$0.28, dropping to $0.24 due to consistent selling pressure. 

This represents a correction of roughly 15% over the period. From November 8–9, the crypto rebounded sharply to around $0.25, recovering after renewed buying interest at support levels.

                                                      Source CoinGecko

Sustained movement above $0.26 may confirm a reversal to bullish momentum. The gradual rise after the low suggests the market may be forming an accumulation base, and failure to hold above $0.24 could result in another test of recent lows.

Market Capitalization Shows Stabilization

Market capitalization trends mirror the price movements of Only1/USDT after a sharp rebound in early November brought capitalization back to $2.2 million. This increase reflects renewed market interest and could provide for potential stabilization. 

Sustained growth above the $2 million mark could reinforce positive sentiment as the market shows resilience after the recent downtrend. 

Accumulation phases and volume shifts suggest Only1/USDT may be preparing for potential upward movement if buying pressure continues.