The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceThe crypto marked a downtrend in its development activity while it MVRV turned positive
The bullish engulfing candlestick on 10 November steered the near-term trend in favor of bulls while aiming to retest the $63.7 resistance. In the meantime, the EMA ribbons kept looking north to depict a growing buying edge. Any hike beyond the $63-level would aid the buyers in testing the first major resistance in the $69-$70 range.
Source: News Formal (newsformal.com)
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