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Moreover, the daily chart reveals a breakout of a trendline resistance followed by a retest. On the higher side, if the bulls are able to surpass the recent supply of $2.6 level it may indicate the completion of a retest and the crypto may head to conquer the annual high of $3.4 level.
However, any closing below the 50 day Exponential moving average and $2.25 level may invalidate the breakout and the correction may prevail again.
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