- Currently, the price is in a correction phase, declining from its peak.
- The price is near the lower Bollinger Band, indicating oversold conditions.
- The bands are contracting, suggesting lower volatility.
- If $5.50 support breaks, price could decline towards $5.00 or lower.
- A test of $3.60 could occur if the bearish trend continues.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.