Like (ONLY1) is experiencing renewed bullish momentum, nearing a critical wedge breakout while volume stabilizes and technical indicators hint at potential trend reversal. Despite recent price gains, the coin faces key resistance near $0.021, raising questions about its long-term sustainability.
Technical analysis reveals LIKE’s year-long wedge formation showcasing higher lows and diminishing sell pressure. This suggests a bullish compression leading to a possible breakout above the critical level. Momentum signals like MACD and RSI further support this possibility, demonstrating buying activity pushing price towards resistance with renewed strength.
With 79% of circulating supply in circulation and OBV flattening, LIKE may be poised for a significant turning point as demand outpaces lingering sell-side pressure. The question remains whether its momentum can sustain against potential supply pressure at key resistance levels.
Expert insights highlight the upcoming breakout potential with signals suggesting a more than 6,300% price increase. However, the final test lies in LIKE’s ability to surpass the resistance at $0.021 and confirm sustained bullish momentum.