We can see that after a sharp drop, the price is now slowly climbing back up, and sellers are decreasing, suggesting that the drop was likely due to news-driven hype.
It is now facing a strong resistance, and if this resistance is broken, we can expect the price to rise toward the 1.96440 level.
It is now facing a strong resistance, and if this resistance is broken, we can expect the price to rise toward the 1.96440 level.
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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.