- BORG’s breakout from an 873-day resistance trend signals a shift in momentum, setting a new target of $1.32.
- Following the breakout, BORG could experience a 450% upside if the price continues to gain strength.
- Analysts are watching closely for confirmation of sustained upward movement toward the $1.32 target.
SwissBorg’s token has recently surpassed a significant resistance trend that had held for approximately 873 days. This breakout is drawing attention as it could signal a substantial price movement. The next target for BORG is the $1.3247 level, a potential upside of over 450% from its current position.
Breaking the 873-Day Resistance
According to a detailed analysis prepared by Javon Marks, the observation presents a downward trend in the market from mid-2021 to mid-2023. A consistent decline is visible, with occasional corrections. The price has been gradually falling in a defined pattern, breaking below significant levels. A potential support region is visible in early 2023, after which the market attempts a brief recovery.
For nearly three years, BORG had been constrained by an upward resistance trend. This resistance had limited the token’s ability to break higher, but recent price action has changed that. The breakout marks a key technical event, indicating a shift in momentum that could set the stage for a strong rally.
Market Movements and New Targets
The breakout from this long-term trend has set a new target at the $1.3247 price level. This would represent an increase of more than 450% from where BORG currently stands. Such a move is significant, suggesting that BORG may now be positioned for a major rise.
The current price trajectory tracks the successful infringement of a prolonged resistance trendline. Should the token continue to build on this momentum, the $1.3247 target could become a real possibility in the near future.
While the technical breakout is impressive, continued price action will need to confirm this new upward trend. If the momentum persists, BORG could continue to trend higher toward its breakout target.
