$INDI has only been on the market since late 2019 and as we have observed on a number of charts when they are newly on the market, they tend to start with a corrective wave as the price gets pumped as they enter the exchanges.
Since the middle of May 2022, the price action has been trading within the middle and bottom blue lines and in a corrective wave by my count.
I believe this will continue to drift higher over the next 12 months but a possible retest of $6.67 may come first.
Gareth Neary
2024-01-02 16:09:00 +0000 UTCRandumbInvestor
2024-01-02 16:08:17 +0000 UTC