$IDOL is finally showing some life after months of sideways movement and selling pressure.
We’ve got a strong weekly bounce with a noticeable volume spike. But the real test is still ahead. Price is approaching the $0.032–$0.038 resistance zone, which has rejected buyers multiple times before.
If IDOL breaks above this zone and holds it as support on the weekly timeframe, I think we could see a much bigger move. My upside levels are $0.04, $0.06, and potentially $0.08.
I wouldn’t call it a confirmed breakout just yet. A rejection here could send price back for a retest. But if buyers manage to reclaim this zone, the bigger picture could change significantly.
This is one I’ll be watching closely. 📈
We’ve got a strong weekly bounce with a noticeable volume spike. But the real test is still ahead. Price is approaching the $0.032–$0.038 resistance zone, which has rejected buyers multiple times before.
If IDOL breaks above this zone and holds it as support on the weekly timeframe, I think we could see a much bigger move. My upside levels are $0.04, $0.06, and potentially $0.08.
I wouldn’t call it a confirmed breakout just yet. A rejection here could send price back for a retest. But if buyers manage to reclaim this zone, the bigger picture could change significantly.
This is one I’ll be watching closely. 📈
