ANT Technical Analysis: Morning Star Teases A New Bull Cycle

ANT prices display a bull cycle struggling to kickstart within a consolidation range which will inflate the market value by 40%. Key technical points: The market price has increased 19.04% over the past 24 hours. The price action shows a selling spree kicks the market value down to $0.18. The 24-hour trading volume of Aragon is $36.95 Million, indicating a hike of 160%. Past Performance of ANT ANT prices show a sharp fall in market value in the last two months resulting in a downfall from $6 to $1.20. However, the bearish death spiral takes a lateral shift in price trend resulting in the consolidation range between $1.20 and $2.17. The recent surge in buying pressure starts a second bullish reversal from $1.20 and teases a price jump to $2.17. Source- Tradingview ANT Technical Analysis The recent increase in buying pressure is evident by the increase in ANT trading volume supporting the price jump today. Moreover, the morning star pattern forming with a bullish engulfing candle adds points to the price jump theory. The daily-RSI slope shows a rounding bottom reversal from the oversold boundary to challenge the 14-day SMA line. Moreover, the bullish divergence in the last two dips at $1.20 is evidently clear, indicating a potential uptrend continuation. The MACD indicator displays the fast and slow lines merging below the zero line and ready to gain a bearish spread. Hence, with an increase in negative histograms, traders can e...