- The price is trading in the lower half of the Bollinger Bands, suggesting weakness.
- Support Levels: Around $0.85 - $0.90 (Recent lows)
- Resistance Levels: Around $1.00 - $1.10 (Bollinger mid-band & psychological level)
- Bearish Bias: The price remains below the moving average and in the lower Bollinger Band range.
- Potential Reversal: If price breaks above $1.00 with increasing volume, it could signal an uptrend reversal.
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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.