Bollinger Bands Narrowing on Clene's 15min Chart Triggers Bearish Marubozu Formation

Based on the 15-minute chart of Clene, the recent price action has triggered a narrowing of Bollinger Bands, which is accompanied by a bearish Marubozu candlestick formation as of January 29th, 2023 at 14:00. This suggests that the magnitude of price fluctuations is decreasing, indicating that sellers are in control of the market. Furthermore, the bearish momentum is likely to persist in the near term.