(Chart by TradingView)
The Luna Classic alligator had continued to sleep at less than ¢0.01 cents until about August 25-26. Since then, it rapidly went up seeking prey until it approaches ¢0.04 cents before returning to its current position.
Meanwhile, the Moving Average Convergence Divergence (MACD) oscillator has shifted into a bearish position. This indicates that the price of this asset is falling.
However, the Relative Strength Index (RSI) oscillator appears to have been in oversold territory for a long time. This means that the market price of this asset has been below its intrinsic price for a long time.
And now we see that the alligator has closed its mouth. Will it soon go to sleep?
Let's continue following this Luna Classic alligator's adventure.
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