Following a low of $0.418,The move came as bullish momentum increased at the price floor of $0.4250, after bears failed to sustain an earlier breakout.From the chart, it appears that the rebound took place as the relative strength index moved away from its own support, at 58.00
As of writing, the index is tracking at 60.77, and seems to be heading towards a ceiling at the 63.00 mark. The 10-day moving average has also extended its upward cross versus its 25-day counterpart, which could be a sign of upcoming gains.
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