There's a clear upward trend with two notable price peaks in the past. If history repeats itself, we can predict the price will continue to rise in the future with a new peak.
Analysis:
Long-term uptrend: The MA458d line (458-day moving average) indicates a long-term uptrend. The price frequently tests this line as a support level.
Two past price peaks: The chart shows two price peaks in the past, peaking around July 2024 and December 2024. Interestingly, the distance between these two peaks is about 6 months.
Repeating pattern: If this pattern repeats, we can expect a new price peak to occur around June 2025.
Forecast:
Short-term growth: In the short term, the price may continue to rise and retest the old peak area around 300,000,000.
New price peak: If history repeats itself, the price could reach a new peak around June 2025, surpassing the old peak of 322,704,945.
Support: The price area around the MA458d line and the old peak area around 100,000,000 could act as strong support levels in the future.
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