The cryptocurrency has been moving sideways for the last 15 sessions; the price found a strong support level close to the $141 level and is now on a three-day winning streak, which could be the beginning of a trend reversal.
The Bollinger bands are closing up, which could benefit the price as the lower band moves upwards. The price is currently at $153 with much activity during the day, closing only 0.36% up from the previous session.
The relative strength index continues recovering slowly after reaching an oversold status; the current RSI is at 41%, which will allow buyers to enter the market with a bit more confidence.
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