The price is in a zone of very strong oversold conditions on multiple timeframes. The mentioned weekly and daily MAs are the nearest support levels. If the price holds above these MAs, it may bounce back to levels above $90.
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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.