It is worth paying attention to Wedge and collapse resistance. strong oneSince May 2021, the price has stayed at $52. The price enters a narrow consolidation phase and breaks the channel resistance. Could this mean a bottom formation in the $50-52 region? It’s hard to say.
But now the price is forming a local bullish trend, and if the currency continues to dictate its game, it is likely that in the first quarter of 2023 we can see the price growth to 107. The medium-term forecast is up to 150.7. The long term forecast if the market recovers is 181 or even 302 (a very positive statement, but why not?).
Sincerely, R. Linda!