Price Trading Around $1.28 Price oscillation within this range highlights that sustained volume expansion above $2.00 could drive the next leg of the trend toward $2.50. Conversely, failure to break this resistance, particularly with shrinking volume, increases the likelihood of a retest of support at $1.50. Should that level fail to hold, price could decline further toward $1.20.
Traders are advised to use key range boundaries for entries and exits, managing risk around both support and resistance levels. For longer-term investors, it is prudent to wait for a decisive breakout from the current consolidation, which would provide a clearer signal for trend direction and reduce the risk of false moves within the neutral range.
