- The most recent candle is bearish (red) with a significant wick to the downside, indicating that sellers were dominant but may be losing momentum.
- Support: The price level around $0.41 has acted as a short-term support as it aligns with the lower Bollinger Band.
- Resistance: The price has struggled to break above the $0.425 level, which also aligns with the middle of the Bollinger Bands.
- If the price closes below the current support at $0.41 and continues below the lower Bollinger Band, it could trigger further downward momentum.
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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.