#Will November be Moonvember?

On the SNT/USDT asset chart on the daily timeframe, several key aspects can be highlighted for analysis.

1. Upward trend line: Starting from July, there is a visible upward trend that supports the price. Every time the price approaches this line, there is a rebound, confirming the presence of strong support.
2. Resistance zone: In the range of 0.0255-0.0270, a horizontal resistance zone, indicated by a red rectangle, is visible. The price has tried to break through this zone several times, but each time there was a rebound downwards, indicating the presence of a strong seller in this area.
3. Ichimoku Indicator: The presence of clouds (green and red) indicates support and resistance levels. In this case, the green cloud is below the current price, indicating support. However, the upper red zone indicates that overcoming resistance may be difficult.
4. Consolidation: A period of consolidation is observed around the resistance area, indicating an accumulation of volumes. This may indicate a potential upward breakthrough if buyers gather strength.
5. Potential scenario:

Bullish scenario: In case of a breakthrough above the resistance level of 0.0270 and consolidation above it, one can expect a continuation of the rise to the next levels of 0.0300 and 0.0320.

Bearish scenario: If the price is rejected from the resistance zone and breaks the trend line downwards, this may lead to a decline to support levels of 0.0220 and below.

In summary, the current chart indicates the possibility of breaking through the resistance zone with volumes. However, caution is still being exercised as the asset is still in a consolidation zone.