Reasons for a bullish movement based on technical view:
The price is currently testing a strong $20–$21 support zone, an area that has previously led to significant bounces, indicating strong buyer interest. A break above $23 could signal an early bullish reversal, while a move above $27 would provide further confirmation of an uptrend. Additionally, the RSI is near oversold levels, suggesting a potential bounce as selling pressure weakens. To strengthen the bullish case, it’s crucial to watch for a surge in volume and price action around these key levels.
Target 1: $30 (previous resistance)
Target 2: $35 (stronger resistance level)
Drop below $20 could signal further downside
Bearish case: possible move toward $15
Stay sharp & manage risk!