Price action is down -10% today and we can see the price is just sitting on the 200 Day MA now at $18.
The 0.618 Fib can not be ruled out just slightly below at $16 either if the 200 Day MA is not held.
That all being said, once support is found, I believe this will comfortably move higher and back to the top blue line at $39.
Francisco Martin
2025-01-29 17:35:37 +0000 UTC