Market analysis

What are the chances of a trend reversal ❓

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💎Last week NAKA/USDT reached and bounced off the bottom of the descending channel. The MACD formed a bullish divergence after which the price broke above the simple downtrend trendline. So what such price action means?

💎This pattern might imply that NAKA has bottomed out, significantly increasing the potential trend reversal. As long as the recent bottom at 0.0543 is defended by the bulls, we will see a further price increase.

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