Price is approaching a key breakout point after a prolonged downtrend, with resistance trendline getting weaker on each test. Holding above current support suggests potential reversal. A confirmed breakout could drive price toward the 0.50+ zone. Invalidation below recent lows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.