Odaily reports that according to TradingView data, the current trading price of is below its 20-day exponential moving average (EMA), indicating that the bears are still in control. price has also been consolidating since December 19, 2024. The relative strength index (RSI) is in a downward trend, currently at 45, neither overbought nor oversold, but has fallen more than 20% since January 6. Industry analysts warn that and the broader cryptocurrency market may see an adjustment around the inauguration of President Trump on January 20, as traders view it as a "sell-the-news" event, or the promised support for cryptocurrency legislation may not be fulfilled. (Cointelegraph)