Our pivot point stands at 0.2755.
Our preference: as long as 0.2755 is support look for 0.2902.
Alternative scenario: the downside breakout of 0.2755 would call for 0.2703 and 0.2672.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.2809) but above its 50 period moving average (0.2796).
Supports and resistances:
0.2934 *
0.2902 **
0.2871
0.2806 last
0.2755 **
0.2703 *
0.2672 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-12-2026 at 01:55 UTC+1
Price reference: 0.2806 last known on 05-12-2026 at 01:55 UTC+1
Investment horizon: INTRADAY
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