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1.Support Price:
- The support level appears to be around $3.00, as indicated by the lower purple rectangle.
2. Resistance Price:
- The resistance level is around $3.90 to $4.00, as indicated by the upper purple rectangle.
Consolidation Trend
- The chart shows a period of consolidation between the support and resistance levels. The consolidation zone is approximately between $3.00 and $4.00.
- The price seems to be oscillating within this range, with potential breakout directions highlighted by the arrows.
Summary
- Support Level: $3.00
- Resistance Level: $3.90 - $4.00
- Consolidation Range: $3.00 - $4.00
In this consolidation phase, the price could break out in either direction. A move above the resistance level ($4.00) might indicate a bullish trend, while a drop below the support level ($3.00) might suggest a bearish trend.
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