$DENT explosive rally to 0.00044, the market corrected and is now moving inside a rising channel. Price is currently around 0.00029, sitting near the 0.236 Fibonacci level (~0.000281) and just above the lower boundary of the ascending channel.
• Clear higher lows along the rising trendline
• Strong reaction previously from the 0.000249 base (0.0 Fib)
• Heavy supply sitting between 0.000316 (0.5) and 0.000354 (0.786)
• Current pullback looks controlled, not aggressive
Right now this is a healthy retracement inside an uptrend structure.
If the lower channel and 0.00028 zone hold, a bounce toward