Hey there,
🔱In the daily timeframe chart, You can see that after a drop, the price has been bouncing back with some positive movement from the $8.50 range. And then, it found support again at around $8.50 after a small correction. Right now, it's trading around $9.40. Here's a scenario to consider: if the $8.50 support level holds, we might see the price grow towards the important resistance level at $10 / $10.20 and create a new high. To understand the next move better, let's see how the price reacts to those resistance levels!
🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.
Wishing you loads of success in your trading adventures, my friend!✌️
❎ (DYOR)...⚠️⚜️
🔹Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌