For half a year the asset was moving in the sideways channel and failed to overcome the EMA-200 and Fibo level of 0.382. The price went to the correction to the support level around 13$.
Now we can expect a breakdown of EMA-200 and movement to 0.382 Fibo level.
After the fixation above this Fibo level, you can expect further growth in the asset up to $47, but maybe we can stop near $40, because there is a strong resistance level of the price, formed in June 2022.
This is not a financial advice, everything you do you do at your own risk.
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