Price is consolidating between the 0.618 Fibonacci level at $3.2 and the resistance area around $3.5. MACD is not clear, RSI is sold and EMAs are neutral. I expect price to trade deeper into the 12h demand at $3 before potentially moving up again from there.
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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.