Is CPOOL on the Verge of a Bullish Breakout?

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Yello, Paradisers! Could #CPOOL be preparing for a significant bullish reversal right now? What we’re seeing on the chart suggests that bulls may be quietly building momentum—but there’s one key breakout level they need to conquer first. Let’s break it down:

💎#CPOOL is currently trading within a descending channel, but things are starting to get interesting. The price just re-tested a major breakout level, and we’re seeing a strong reaction from that zone. This type of reaction is a classic bullish clue—suggesting buyers may be looking to take back control and push CPOOL higher from here.

💎CPOOL has a strong support presence at the levels of $0.250 and $0.265, this range has already proven its strength. Notice how CPOOL’s recent dip into this area triggered a sharp bounce that erased nearly three days of losses. This reaction from support is a strong indication that buyers are still defending this zone aggressively.

💎Over the next few hours, we could see CPOOL enter a short-term consolidation phase or dip slightly for a minor retest of the $0.30 support level. A clean hold above this zone would be a solid base for bulls to build on.

💎On the other hand, for bulls to really take charge, they must break above the $0.370 resistance level. If they manage to do that, the path opens up to a much more critical level at $0.425—the descending channel resistance. This level is pivotal as break out above this can create a powerful bullish rally pushing straight towards the $0.475 to $0.495 region, where a key 0.618 Fibonacci retracement level is waiting.

💎However, we need to be cautious around this Fibonacci zone. Historically, the 0.618 level often triggers profit-taking and temporary pullbacks. It’s a level where both bulls and bears tend to battle it out—so watch for potential hesitation or rejection in that area.

Patience and discipline are key here, Paradisers. The market often tests both bulls and bears before making decisive moves, so stay vigilant.

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