Data from Cryptovizor
TREND 🟢🟢🟢🔴🟢
MA 🟢 RSI 🟡 07.06.2023
Volume 1D 13.77 M
CD Week 108.73 M
After a 10-month accumulation phase, the asset experienced a swift rally, breaking through two resistance levels and doubling in price to $0.71. The correction following such a rapid rise was equally swift and found support at the 0.786 Fibonacci retracement level of the growth impulse.
Currently, we are observing a rebound that has turned into a sideways movement within the range of $0.39-$0.48. Within this range, lower lows and lower highs have started to form, indicating a higher probability of a downside breakout to the next support level at $0.31. If the market conditions are favorable, we can expect further growth towards the next resistance level at $0.52 #trading #BinanceTournament
