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On the bigger chart, the situation is neutral as none of the sides is dominating at the moment. In this case, traders are likely to see ongoing consolidation in the narrow range of $0.072-$0.72 until the end of the current week.
A similar picture can be seen on the weekly time frame from the technical point of view. Neither bulls nor bears have accumulated enough energy to seize the initiative. The falling volume confirms that fact. All in all, sideways trading in the area of $0.07-$0.08 is the more likely scenario until mid-June.
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