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The price peaked at around $4.10 in early November and has been declining since then.
The price is currently trading around $3.70, which is down about 10% from its peak.
The 7-day moving average is currently above the price, which is a bearish sign. This means that the price has been declining on average over the past week.
The 50-day and 100-day moving averages are both below the price, which is a bullish sign. This means that the price has been rising on average over the past 50 and 100 days.
Overall, the chart suggests that the price is in a downtrend, but there is some potential for a short-term rally. It is important to note that past performance is not necessarily indicative of future results, so this is not financial advice.
It is imperative that you conduct independent research prior to making any financial decisions.
You might find the following extra statistics useful:
- $3.50: This level has been tested and held three times in the past, indicating potential buying interest at this price point.
- $3.20: This level represents a psychological round number and also coincides with the 200-day moving average, which can sometimes act as support.
- $3.80: This level has been tested and rejected twice in the past, suggesting potential selling pressure at this price point.
- $4.00: This level represents another psychological round number and also coincides with the 50-day moving average, which can sometimes act as resistance.
Thank you By sijuk
Posted Using InLeo Alpha
All The Best 😀
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