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Now, let’s dive into this chart analysis:
REEF has rebounded 120% after hitting a new all-time low at $0.00058. This recent rally shows positive momentum, and REEF is currently facing resistance at the 35 EMA around $0.00121-$0.0013.
If REEF breaks and closes above this resistance, a rally toward the upper resistance trendline at around $0.0034 is likely. However, a rejection may result in the price dropping back to the support trendline.
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