Why Is TitanSwap (TITAN) Price Surging? Yearly Resistance Breakout Means Price Now Targets This Level
Yesterday, BitcoinHabebe noted on X (TWitter) that TitanSwap (TITAN) looked poised for a breakout, writing that it was “close to having a yearly breakout.” He pointed to several technical factors, including that it was oversold, had bottomed out and was showing reversal signs, had formed a 400-day old falling wedge pattern, and had an active development team.
Crucially, BitcoinHabebe observed from the price chart that TITAN was breaking out above its long-term downward resistance level around $0.008, which had held for almost a full year. He predicted that a successful retest of that level would open the door for TITAN to surge to the next resistance around $0.024.
Breakout Confirmed
Today, BitcoinHabebe provided an update that the TITAN breakout was indeed occurring as predicted. He shared that TITAN was up more than 80% on over 1 million in trading volume and had held a top gainers spot on Kucoin exchange for most of the day.
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Show more +As BitcoinHabebe stated, “this is just the start” for TitanSwap. With the break of such a long-term resistance, more upside appears likely if support holds at current levels. CryptoDevil9 concurred, noting TITAN has “crazy potential” with its sub $1 million market capitalization, 90% supply burn, and just needing to overcome one more minor resistance point before having open air.
So in summary, a confluence of positive technical and fundamental factors have aligned to start fueling major upside momentum in the TITAN price. The next key test will be sustaining this breakout and building support for further gains. But based on the analysis from BitcoinHabebe and others, there is now good reason to be bullish on where TITAN heads next after this successful yearly resistance break.
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