- SwissBorg (BORG) confirms a breakout, maintaining higher lows and signaling a strong bullish trend despite minor pullbacks.
- Elliott Wave formation and support levels suggest an extended rally, with a 570% target at $1.3247 still in play.
- Market sentiment stays bullish as historical breakouts hint at major upside potential, with long-term growth projected into 2029.
According to Javon Marks, SwissBorg (BORG) continues to hold above its breakout level, maintaining a bullish structure. The token has been forming higher lows, signaling strong momentum. With the breakout target still 570% away at $1.3247, analysts anticipate another significant rally. The market structure remains intact, suggesting a strong uptrend despite minor pullbacks.
Breakout and Trend Reversal
With continuous rejections at a declining trendline, SwissBorg had been in a long-term downward trend. But before a verified breakout, the market saw several attempts to break over this resistance. The breakout was followed by an upward spike and a subsequent decline. Consequently, the price began to rise once more, reaching both greater and lower highs.
Elliott Wave formation near the breakout zone supports the bullish momentum. This pattern indicates the potential for an extended rally. Additionally, the price action aligns with strong support levels, reinforcing optimism among traders. Despite a minor 3.09% decline, the bullish trajectory remains intact.
Potential Upside and Market Sentiment
Currently, SwissBorg is priced at $0.11959. Although it has experienced a slight dip, its long-term outlook remains highly positive. The projected target of $1.3247 highlights an immense growth opportunity. Besides, the market sentiment remains bullish, supported by strong fundamentals and increasing buying pressure.
Moreover, historical price movements suggest that previous breakouts led to substantial rallies. The chart also indicates a possible corrective pullback before another leg up. This consolidation phase could provide entry opportunities for investors eyeing long-term gains.
The price axis extends to $6.0000, indicating potential future growth zones. The time frame stretches to 2029, offering a broader perspective on price movement. Furthermore, technical indicators continue to support the uptrend, with bullish signals supporting investor confidence.
