Just saw an interesting market situation. This project formed a local top at the 500k level, and my judgment is that this will become a key support. From a technical perspective, consolidating around this area is normal—it's accumulating energy. The real focus is on the subsequent trend, with the target pointing towards the historical high of 2.2M. Currently, there are no obvious resistance zones, and there is still room for growth. Stay observant and wait for a breakout signal.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
2
Repost
Share
Comment
0/400
TheShibaWhisperer
· 8h ago
Can the 500k support hold up? It doesn't seem that simple this time.
Just saw an interesting market situation. This project formed a local top at the 500k level, and my judgment is that this will become a key support. From a technical perspective, consolidating around this area is normal—it's accumulating energy. The real focus is on the subsequent trend, with the target pointing towards the historical high of 2.2M. Currently, there are no obvious resistance zones, and there is still room for growth. Stay observant and wait for a breakout signal.