HIPPO forms an ascending expanding wedge

HIPPO is moving within the boundaries of an ascending expanding wedge on the global timeframe.

On the local chart, the price has formed a similar pattern


The price is attempting to break through the lower boundary of the pattern, with one false breakout. If the price breaks through, the pattern predicts a downward price trend


Current price: $0.003323


If the price breaks through, the pattern predicts a price move down to $0.0032 or lower


Also, if the price fails to hold after breaking through the lower boundary, a downward rebound to $0.003640 or higher is possible


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