The price has broken through a significant support

The price has broken through the crucial support area around $2.364 and is now retesting it. This retest is key to determining if the support can be reclaimed or if the price will continue to decline. A failure to reclaim and close above this level could lead to a move towards the next support area.

6/21/20241 min read

Price chart showing a break through the $2.364 support area with a retest, indicating a potential mo
Price chart showing a break through the $2.364 support area with a retest, indicating a potential mo

The price has broken through a significant support area around $2.364 and is currently testing it again. This retest is crucial as it will determine whether the support level can be reclaimed or if the price will continue to decline. If the price fails to reclaim this level and closes below it, we may see a move towards the next support area.