That $8 you see is the result of $1 being divided by $0.125 (the current price) 1/0.125=8
Reversed charts are good for seeing things with a different perspective. So no the 8 is unrelated. I think it shows we are topping on this chart and will drop down soon i.e. higher prices incoming. I usually don't predict a time but probably next year we go higher prices if we survive the rest of the year with under 10 cents prices.
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