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Moo Deng retraced nearly 40% from recent highs, setting the stage for a potential rebound. Key support at $0.20 holds critical technical indicators, suggesting a bounce. The correction from $0.35 is standard after a strong rally. The $0.20 zone aligns with fibonacci, 200-day MA, and support/resistance areas. A rounding base pattern forming indicates possible accumulation and bullish breakout. If $0.20 support holds, a rally to $0.31 could follow. Traders watching volume and price behavior for reversal signs.
https://altcoin.observer/50-bounds-possible-on-the-bullish-rounded-background/
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