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A record low, but this dip has already overstayed itself
Out of 24 events observed, the price really dropped 7 times, by about 20.7 % on average. In 12 cases, the price had climbed about 19.5 % in the two weeks before.
Today's price of $16 is the lowest ever recorded over the past 365 days, a level this product had never reached before. It sits far below the calculated typical price of $81.81 and well under the yearly high of $99.41.
The usual attainable low ($48.62) was hit 16 times over the year but never held for more than 4 days total, making the current level even more notable. The ongoing drop has now lasted 18 days, well past the median 5-day duration for past dips, in a market where the price changes almost daily.
Given how rare this floor is and how volatile the price tends to be, a rebound could happen quickly. Buying at $16 or below is the strongest reference point available right now; waiting for something lower carries real risk, since no lower price has ever been recorded.