The chart shows a strong spike in volume (indicated by the arrow), which indicates a significant interest in the coin. After this, we observe a sharp price increase with the formation of a local minimum at the support zone around $0.5174.
The re-entry zone is located around $0.5174, which could be a good buying point. Further upward movement is expected, with a potential target of $0.589, offering approximately 11.24% growth.