Another key level is $1.32, formed around late January/early February during a small consolidation before that massive 500% range expansion to $7.9. It’s interesting to note the hammer candlestick that formed on August 5th—a strong sign of demand at this level. This led to an 80% bounce, and we’ve since seen bullish buying pressure around the $1.5 to $1.76 price zone.
Key levels
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