- Wink is holding firm at $0.011 as price compresses inside a two-year wedge, building pressure for a possible breakout.
- MACD is curving upward with rising green bars, signaling that momentum is quietly shifting as Wink nears its inflection zone.
- A break above $0.10 would flip key resistance into support and open the door to Wink’s full projected upside move.
LIKE (Wink) is now trading just above long-term support, compressing near the tip of a two-year falling wedge. The chart structure is tightening as buyers defend demand zones around $0.011, preparing for a potential breakout reaction.
Price action inside this wedge reflects quiet but consistent accumulation, where each new low is met with renewed buying pressure. As structure coils near the apex, bullish momentum appears to be building beneath the surface.
Structure Aligns with Bullish Momentum Clues
The wedge began forming in early 2022 and has since developed three clear touches on trendline support. Each touch sparked higher bounces, creating a well-defined structure of declining highs but higher momentum responses. The pattern has played out with notable consistency.
MACD on the current chart now shows a bullish divergence, where the indicator forms higher lows against lower price points. This contrast signals underlying strength, building quietly. A MACD crossover is nearing, backed by rising histogram bars now turning green.
According to Javon Marks’ analysis, the projected breakout target for LIKE sits at $0.98311. That price level represents an 8,333% increase from current positioning, equivalent to more than 84x upside from the wedge base.
Tight Structure Sets Up Potential Expansion Move
A small upward arrow near the wedge tip on the chart visually signals where the price could push if momentum flips. While volume is not displayed, historical wedge breakouts often occur with a sudden surge in volume confirmation. The current structure suggests coiled pressure awaiting release.
That said, the trendlines in this wedge have been respected with rare precision. Each swing high and low remains aligned with the formation, giving the structure added credibility. This type of clean compression tends to precede a breakout with direction and strength.
The next key resistance to watch lies between $0.09 and $0.10-a zone that previously acted as a rejection point. Should LIKE break above the wedge and reclaim this level, it could validate the move and open the path toward extended upside projections.
Wink continues trading near the wedge apex with bullish structure intact and buyers holding the $0.011 floor. MACD behavior and price positioning support the bullish outlook, while the market waits for confirmation. The coming sessions may determine whether this consolidation evolves into a breakout leg.
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