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Now, let’s dive into this chart analysis:
The UNFI/USDT weekly chart is currently at a crucial support of $3.612. A rebound and a breakout above the 50-week EMA will likely indicate a potential bullish rally toward the resistance trendline at $10.6.
Conversely, a breakdown below the lower support could lead to further downside.
Key Observations:
- Current Price: $3.863. - Primary Support: $3.612. - Lower Support: Around $2.479. - Primary Resistance: $5.522 (50 EMA). - Higher Resistance: $10.6. - All-Time High: $44.399. - Invalidation: A close below the lower support.
DYOR, NFA.
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