CandleFocus

Repeated Resistance Testing: Is FOXY About to Make a Breakout?

The FOXY/USDT trading pair is currently testing a local resistance level for the fourth time in three months. If it breaks through this level, traders and analysts expect price fluctuations to occur up to the 0.012 level, which has been an important price region in the past. The growing volume accompanying the price surge suggests higher market activity and potentially a breakout from the trading range. Repeated testing of the resistance level without rejection may result in a breakout as sellers tire. If FOXY is able to break through the resistance, higher price targets may be achieved. Traders are eagerly observing to see if the token will be able to surpass the resistance level and reach the 0.012 level.

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