Technical analysis by MrHBTrader about Symbol PORTAL: Buy recommendation (5/26/2025)

🔹 Price Action Overview:Downtrend Continuation:PORTAL has been in a consistent downtrend since its peak near $0.38, forming lower highs and lower lows. The price is currently trading at $0.0632, showing signs of temporary support formation.Falling Wedge / Bullish Reversal Setup:A descending structure (dotted trendline) is visible, suggesting a potential falling wedge—a classic bullish reversal pattern. This is further supported by a flattening bottom with diminishing bearish momentum.🔸 RSI Analysis (Relative Strength Index):RSI Divergence:A bullish divergence is forming between price and the RSI:Price is printing lower lows.RSI is forming higher lows.This often signals weakening selling pressure and a possible reversal if confirmed with bullish price action.RSI Value:Current RSI sits at 43.72, with the signal line at 44.39. It’s nearing the neutral 50 level, and a crossover above this may confirm bullish intent.🟧 Resistance Zone:Major Supply Zone:The area around $0.34–$0.38 is marked as a key resistance (orange zone) from the previous top. If the reversal confirms, this zone will act as the primary bullish target.🧠 Conclusion:Bias: Neutral to BullishKey Confirmation: A breakout above short-term resistance (around $0.07–$0.075) on strong volume and an RSI breakout above 50 could confirm a trend reversal.Invalidation: A breakdown below the wedge support and RSI slipping under 40 would invalidate the bullish setup and continue the bearish trend.Stop loss 1DAY candle close under 0.0540$