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(Chart by TradingView)
Until April 26, the Tron alligator rose quickly, hunting for prey, until it stopped at $0.18 resistance. Then it fell asleep between $0.1 support and $0.17 resistance until mid-May. After that, the alligator quickly turned down until it was stuck at support at $0.05.
Meanwhile, the Stochastic RSI oscillator is already in overbought territory (too much buying). This indicates that the price of the asset has exceeded the price expected by the market. At any moment, investors can turn off their assets to sell.
And in the chart below, we see that the price of bitcoin is still not rising. Meanwhile, bitcoin price movements are usually followed by the prices of other altcoins.
Now the alligator's mouth is still open downward, although it is beginning to show signs that it is closing. Is he really full and about to go to sleep, or is he still hungry and coming down again in search of food? Let's continue the adventure of our alligator Tron.