Technical analysis by chethanlobo11 about Symbol BAL: Buy recommendation (8/19/2025)

BAL/USDT – Symmetrical Triangle Breakout Watch 🚀 Balancer is currently trading inside a well-formed symmetrical triangle on the daily timeframe. The price has been consolidating between $1.10 support and $1.50 resistance, and is now approaching the apex of the pattern – a breakout move looks imminent. 🔹 Pattern: Symmetrical Triangle (valid structure, converging trendlines) 🔹 Support: ~$1.10 – $1.15 🔹 Resistance: ~$1.45 – $1.50 Breakout Scenarios: ✅ Bullish Case: A decisive breakout above $1.50 with strong volume could trigger a rally. Based on the triangle’s height, the measured move target projects towards $4.00 – $4.80. Key levels to watch on the way up are $1.90 → $2.30 → $3.00. ❌ Bearish Case: A breakdown below $1.10 may invalidate the setup, with possible retests of $0.85 and even $0.65.