Looking at the 12-hour timeframe, the ceiling range is around $ 7.70, and as long as the price is below this range, it will be prone to further reductions.
In case of re-penetration of the price in the range of $ 5.30, the correction will continue up to the specified limits and the mentioned currency is expected to enter a 3-month erosion trend.
In case of any change, the analysis will be updated