Current Price and Performance

Current Price: Ranges between $2,470 and $2,480, after peaking at $2,604 on May 11.

Weekly Growth: Increased by 44%, driven by the "Pectra" upgrade which improved network performance and reduced supply.

Market Indicators surpassed the realized price of $1,900, indicating a positive shift in investor sentiment.

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Technical Analysis

Indicators The Relative Strength Index (RSI) shows a decline from overbought levels, which may indicate a slowdown in bullish momentum.

Moving Averages: The moving averages show positive signals, with the price remaining above short- and medium-term averages.

Support and Resistance:

Support: $2,470 (the upper limit of the previous range).

Resistance: $2,600 the recent peak, followed by $2,800 as a psychological resistance level