TOKEN Approaching Key Retest Zone After Triangle Breakout

TOKEN is approaching a critical retest zone following a breakout from a symmetrical triangle pattern, drawing attention from traders and analysts as a potential turning point for the asset’s short-term direction. The token has broken out of a long-term consolidation range and is now positioning itself for a retest of the key level that previously acted as resistance. This area—now seen as support—is considered crucial for confirming the legitimacy of the breakout and setting the stage for further bullish movement [1].

Currently trading at $0.01580, TOKEN is heading toward the $0.01450–$0.01500 range, which aligns with key moving averages, including the 50-day SMA at $0.01579 and the 9-day EMA at $0.01522. The proximity of these indicators to the current price highlights a strong technical confluence, increasing the likelihood that the price may find support and resume an upward trajectory [1]. Alpha Crypto Signal noted that the retest of this level could attract momentum buyers, and if successful, it may signal the start of a more sustained bullish move [1].

A clean daily bounce from the $0.01500 zone could propel TOKEN back toward the $0.01850–$0.01900 range, where it previously reached after the initial breakout in mid-July. Traders are monitoring volume and buying pressure near the support zone for confirmation that the price will hold [1]. However, a breakdown below the retest zone could invalidate the bullish setup and push TOKEN back toward the $0.01300 level, which was part of the earlier triangle consolidation. The 24-hour trading volume currently stands at $8,037.59 [1].

The broader market has also seen similar technical setups, with SUI and WLD showing signs of momentum following their own pattern breakouts. These movements suggest a trend in which key resistance levels are being tested across multiple assets, with outcomes likely to influence the near-term direction for the sector [2][3]. Despite these developments, traders remain cautious, particularly around the retest phase, as confirmation is essential for locking in a bullish bias [1].

Source: [1] ADA Eyes Q4 Breakout as Technicals and Seasonality Align (https://bravenewcoin.com/insights/cardano-price-prediction-ada-eyes-q4-breakout-as-technicals-and-seasonality-align)

[2] SUI Price Eyes $7 Breakout Despite Token Unlock Pressure (https://blockchain.news/news/20250807-sui-price-eyes-7-breakout-despite-token-unlock-pressure-technical)

[3] WLD Price Surges 4.57% After Binance.US Listing (https://blockchain.news/news/20250807-wld-price-surges-457-after-binanceus-listing-worldcoin-technical-analysis)