CPOOL Gains 13.08 Percent as Buyers Defend Key Support and Target Higher Levels

News, Trending

  • CPOOL breaks out with a cup and handle pattern, gaining 13.08% as bullish pressure builds.
  • The $0.145 level now acts as strong support, reinforcing confidence in the ongoing uptrend.
  • Rising volume and trendline respect suggest sustained momentum, with resistance levels yet to be tested.

The market witnessed a bullish breakout in $CPOOL, confirming a cup and handle pattern via a 4H close above $0.15. The price action reflects increased buyer demand, confirming a healthy uptrend.

Market Trends and Technical Analysis

The price of $CPOOL declined initially before forming a rounded bottom, confirming a change in the trend. The consolidation phase of the handle led to a breakout higher, pushing the asset by over 13.08% to $0.1628 as bullish pressure intensified.

Market analyst Ted Pillows refers to the breakout above $0.145 as the most important technical shift. He observes that volume expansion at this level verifies buyer dominance, which establishes market confidence. Price action broke above a declining trendline, with greater momentum.

Source: Ted Pillows

Ted Pillows’ analysis indicates that the pattern formation follows previous bullish breakouts. He confirms that the $0.145 support level is currently critical in maintaining the integrity of the breakout. If it holds, further price appreciation remains likely in the short term.

Additional Insights and Key Discoveries

Ted Pillows’ comments bring to light that $CPOOL continues to be in a strong uptrend with good structural health. His analysis confirms that price action respects key trendlines, which supports bullish patterns. Continued dominance by buyers could push the price to new levels of resistance.

He notes breakout validates technical hope, maintaining optimism for the uptrend. Market structure and rising volume suggest additional levels of resistance need to be breached shortly. Support must be maintained as long as it does so that the trend remains intact in a bullish manner.

Ted Pillows notes that the cup and handle measured move suggests prices need to keep rising. The market structure still favors the upside to follow through, and higher lows also maintain bullish pressure.

If $CPOOL keeps moving forward, higher levels of resistance can be realized in future sessions. Buyers absorbing selling pressure decreases the chances of falling, supporting long-term growth prospects.

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