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Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Future 3-hour trend analysis and probabilities
Comprehensive assessment:
Unlike the consolidation state an hour ago, the market has now provided a clear direction. All key technical indicators (K-line, moving averages, MACD) are highly unified in pointing towards a bullish trend. The successful breakout from the consolidation range has released the accumulated upward momentum, and the market has entered a new upward phase.
In the next 3 hours (until around 6:15 PM), the price is most likely to show the following trends:
* Continuing the upward trend, testing higher resistance ( Probability: ~70%)
* Analysis: Once a breakout occurs, there is typically a period of follow-through movement. Strong buying momentum will drive the price to continue upward in search of the next resistance level.
* Primary target: 114,000 ( integer level ).
* Next target: 114,400 - 114,700 ( The previous volatility area on the left side of the chart ).
* Slight pullback, confirming the validity of the breakout ( probability: ~25%)
* Analysis: After a rapid price increase, there may be a brief pullback aimed at "testing" the recently breached green long-term moving average (around 113,600), confirming that it has shifted from resistance to support. If the support holds, it will lead to a healthier upward trend.
* Focus on support level: 113,600.
* False breakout, price falls back to the consolidation zone ( probability: ~5%)
* Analysis: This situation requires a sudden influx of selling power to forcibly push the price back below the green moving average. Considering the current strength of various indicators, this possibility is very low.
Conclusion:
In the next 3 hours, the BTC price is highly likely to continue its upward momentum. The main trend is to keep challenging higher resistance levels. Short-term traders should be aware that even if there is a slight pullback, as long as the price can maintain above the breakout level of 113,600, the upward trend remains valid.
Disclaimer: The above analysis is only a technical sharing based on charts and does not constitute any investment advice. The cryptocurrency market is highly volatile, please pay attention to risk control.