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CIFR stock price: The company’s stock is currently trading on a bullish trendline
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The relative strength index is near its brought levels with its SMA posing some indication
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The bulls have surpassed the 50 and 150-day EMAs.
The newly formed Bitcoin mining company, Cipher Mining, Inc. (NASDAQ: CIFR), has received a lot of attention recently. The CIFR stock price fell to a rock bottom point of $0.4030 back at the end of December last year. Upon the arrival of the bulls, the significant resistance level of $1.18 was broken, leading to an uptrend that also broke additional primary resistance levels.
The Rise of CIFR
During June this year, the stock took a recognizable bounce from its trendline. This at last brought a breakout to its 52-week high of $5.3. Nonetheless, from that point forward, the stock has been in a descending pattern, with its cost encountering a critical decay. This pattern has been a reason for worry for some finan
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