BOBO Token Forms a Bearish Flag Pattern, Pointing to Potential Price Declines

BOBO Token Forms a Bearish Flag Pattern, Pointing to Potential Price Declines

Today’s BOBO token price analysis shows a decline of over 25%.
The BOBO token price nosedived from a high of $0.00000001908 to a low of $0.000000006691.
The formation of a bearish flag pattern indicates the continuation of the downward trend.
Bobo token price movement in the last 24 hours shows the altcoin has been trading in a horizontal trendline, with higher highs set at $0.00000001908.  The bears staged a comeback and knocked the price to a low of $0.000000006691. Since then, BOBO prices have been falling continuously, with bears likely to be targeting the psychological level of $0.00000001138 in the short term.
Bobo token price movement in the last 24 hours: CoinMarketCap
A technical perspective of the current price trend reveals the altcoin has sought support at the 21-day SMA and is forming a bearish flag pattern. The bears breached the previous key support of $0.00000001138 and are forming lower lows in the chart. If a bearish breakout of the flag is confirmed, we can expect

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