Hey there, In the long-term four-day timeframe, the price faced significant selling pressure after a slight rise from $0.14, breaking through the $0.095 support and dropping to a demand zone around $0.081. Currently, the price is trading around $0.107.
In the mid to long-term, further correction to levels between $0.070 and $0.060 is possible. However, in the short term, we might see a minor up tick to around $0.118 to $0.12.
The suggested scenario is that after this short-term rise, the price could potentially retrace back to levels like $0.09. For a more accurate trend analysis, itβs essential to watch how the price reacts to key resistance levels. If it breaks and holds above the EMA 60 and the $0.125 level, there could be significant further growth.
π’ Please remember that this is just my personal viewpoint and should not be taken as investment advice. Iβd love to hear your thoughts and share opinions!
Happy trading!βπ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!β
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