Cyfrf stock price charts show strong base formation over

Cyfrf stock price charts show strong base formation over the past 10 sessions. Volume-weighted average price sits just above the 50-day moving average, which may act as dynamic support. The rally comes amid a backdrop of wider altcoin strength; the CoinMarketCap altcoin season index is at 57/100 as it approaches its highest point this year, indicating that further upside may be on the cards if crypto majors BTC and ETH can continue to drive away from critical levels of support. Forward-looking statements in this news release include statements regarding the completion of the Nasdaq listing application, the effectiveness of the Form 40-F Registration Statement, and the intended impact of various business initiatives on the Company. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Mining industry sentiment is gradually improving, and the cyfrf stock price reflects that with steady bid-side interest. Spot metal prices are forecast to rise another 2% this quarter, which may underpin CYFRF’s valuation.