The recent rally has pushed price straight back into a major supply zone around $0.0288-$0.0298, an area that has repeatedly capped upside since the mid-July selloff. Bulls have regained momentum, but this is the first significant resistance they've faced after the recovery.
A clean breakout and sustained hold above this supply zone would signal that buyers are taking control again, opening the door for a continuation toward higher levels. Failure to clear it, however, could invite another round of profit-taking as sellers defend the range.
If rejection develops, $BILL has a demand zone around $0.0245-$0.0250 that becomes the key area to monitor. A healthy pullback into this region followed by a strong reaction would keep the recovery structure intact, while a decisive move above resistance would confirm fresh bullish momentum.
#BILL #Meme Alpha# #Altcoin Season#
A clean breakout and sustained hold above this supply zone would signal that buyers are taking control again, opening the door for a continuation toward higher levels. Failure to clear it, however, could invite another round of profit-taking as sellers defend the range.
If rejection develops, $BILL has a demand zone around $0.0245-$0.0250 that becomes the key area to monitor. A healthy pullback into this region followed by a strong reaction would keep the recovery structure intact, while a decisive move above resistance would confirm fresh bullish momentum.
#BILL #Meme Alpha# #Altcoin Season#