Watching the price action on $R2 (R2 Protocol) closely, and the chart is painting a clear picture of a "bottoming out" phase after a massive period of distribution. We’ve seen the price stabilize significantly at the $0.0030 level following a steep decline from its historical highs. Technically, we are currently in a tight accumulation range between $0.0027 and $0.0032. The fact that selling volume has completely dried up suggests that the bearish momentum is exhausted. I’m noticing a slight curling up of the MA(7).

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