- The price is touching the trend line that has served as resistance since October 2023.
- The RSI is slowly moving above the moving average.
- The RCI indicator shows a triple bottom with all three trend lines (short, middle, and long).
- On the chart, the price is touching the lower line of the Bollinger Bands.
The price had been in an uptrend since October 2023 and dipped in May 2024. However, the dip might end soon, as the price is struggling to move lower from this point.
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