- Price has closed below the middle Bollinger Band (blue line), indicating bearish pressure.
- Recent candles show rejection wicks on top and strong red-bodied candles, signaling active selling.
- Support zone around $0.40 has been breached and price is struggling to reclaim it.
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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.