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Most Likely Path (The Downhill Stroll): We are currently in a short-term downtrend. The price will likely continue to test lower levels. The blue moving average around the 2.20 USDT mark looks like the first major battleground. A bounce there is possible, but breaking below it could accelerate the decline towards the next potential support levels (not clearly visible on this cropped chart, but look for previous lows).
Less Likely Path (The Surprise Trampoline): A sudden influx of positive news (maybe a breakthrough in a certain legal case, who knows?) could invalidate the signal and cause a sharp bounce. But purely based on the current chart metrics (haha!), the bias is downwards.
The Sideways Shuffle (The Market's Favorite Trick): Sometimes, after a peak and a quick drop, the price enters a period of consolidation, bouncing between a narrow range while everyone tries to figure out what's happening.
