- LIKE surged 42% after confirming a breakout retest, signaling momentum from a multi-year downtrend break and bullish falling wedge formation.
- Analyst JAVONMARKS projects a potential target of $0.98311, indicating an 84x move backed by structural breakout and technical confirmation.
- A bullish MACD divergence supports $LIKE’s trend break, with consolidation above the breakout zone suggesting potential strength for the next advance.
LIKE (Wink) is up more than 42% following a breakout retest, fueling speculation that the cryptocurrency could be entering a much larger rally. With a major downtrend broken, traders are watching whether momentum could drive prices toward $0.98 and beyond.
Breakout Retest Signals Shift
JAVONMARKS reported that $LIKE has surged over 42% after confirming a breakout retest. The move follows a clean break above a macro descending trendline established since 2021, a structure that had kept the token in a prolonged decline.
The breakout was followed by a successful retest that held firm, creating a textbook technical confirmation often seen before stronger upward moves. Alongside this, a falling wedge formation has also resolved to the upside, adding weight to the potential for extended gains.
Falling wedges are known for their reversal strength, and in this case, the breakout is aligning with increasing market activity. The price reaction suggests participants are responding to the bullish setup, with momentum backing the current 42% surge.
Eyeing $0.98311 as a Potential Target
The larger breakout structure projects a possible upside target near $0.98311, which is over 8,300% higher than current levels. As JAVONMARKS noted, this would equate to an 84x move if the setup plays out in full. While ambitious, such a target reflects the scope of the broken macro trendline.
Momentum indicators are also supportive.A bullish divergence has developed on the MACD, in which price is making lower lows against higher lows on the MACD. This pattern typically means that momentum is shifting underneath, which we will see in a stronger upward phase in the future.
Currently, $LIKE is consolidating slightly above the breakout zone, creating what could be a base for the next leg higher. If trading volume increases and broader market sentiment remains steady, $LIKE may continue its advance toward longer-term targets. The chart structure now places the possibility of a move toward $0.98 firmly in focus.
