The price has broken the key support level - the trendline. After a retest of the trendline, the price has once again fallen into the zone of support provided by the weekly 50 MAs. A breakout below the 50 MAs will bring the price down to the support level of $1.47.
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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.