📊 Technical analysis and trends
• General trend: Technical indicators show mixed signals, with a tendency towards caution.
• Support and resistance levels:
• Support: Ranges between $1.60 and $1.11, which are critical levels in case of a pullback.
• Resistance: It is at $2.50, and if broken, the price may head towards $3.00.
• Technical indicators: The Relative Strength Index (RSI) and the Stochastic RSI show positive signals on the bi-monthly chart, indicating the potential for a rise if momentum continues.