Looking at the daily chart, it's obvious that the 30/60 EMA crossover with downward movement likely confirms that the price hasn't finished dropping and is heading toward new lows. The decline began on 10/28/2024, and at some point, the price tried to pull out of its steep dive on 03/11/2025 - even showing some volume - but it was all in vain. After forming a cup pattern, the price never completed the handle formation and simply slid downward.
A couple of scenarios could play out from these lows: it might suddenly shoot upward, signaling that it won't return to the downtrend in the near future, or alternatively, it could continue "testing the bottom" and provide a good entry point below $2.38. The volumes of recent trading sessions add to this suspicion - it feels like deliberate selling pressure, or perhaps dumping based on fears about Trump's new tariffs.
A couple of scenarios could play out from these lows: it might suddenly shoot upward, signaling that it won't return to the downtrend in the near future, or alternatively, it could continue "testing the bottom" and provide a good entry point below $2.38. The volumes of recent trading sessions add to this suspicion - it feels like deliberate selling pressure, or perhaps dumping based on fears about Trump's new tariffs.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.