On the downside, $1.98 is the structure line. Losing it exposes the range low at $1.81, where buyers stepped in earlier.
The on-chain side partly supports the bulls. Spent coins have dropped 91%, pushing dormancy to a three-month high and signaling lighter sell pressure from older wallets. But long-term holders are still distributing, which continues to limit trend strength despite the cleaner setup on the
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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.
