The price rebounded from its drop, moving above the 116.11 level, signaling a potential bullish attempt. If this momentum continues, the next targets are 124.89 and 131.13, aligning with previous resistance levels. However, a further decline toward 108.54 remains possible if selling pressure increases.
The bearish gap in the chart indicates previous weakness, but easing tariff concerns regarding Mexico and Canada, along with potential AI infrastructure investments from Alphabet, could support a recovery. Market sentiment remains sensitive to any updates on U.S. trade policies and competition from Chinese AI models, which could introduce volatility.
Tendency Keys: 116.11
Resistance Line: 116.11, 108.54
Support Line: 116.11, 124.89, 131.13