Let's start with the core judgment: this wave of rally from the lows up to around 0.049 and the subsequent correction, I still lean towards bullishness. However, in terms of rhythm, it's not about a quick surge again, but rather a need for a sufficient digestion process.
From the perspective of the overall market cycle, the main upward phase has indeed completed. But the current pullback is essentially a normal retracement after an increase, not a sign of trend weakening.
During the price decline from the high point, we haven't seen continuous volume surges or heavy selling pressure; instead, the price has been falling and closing gradually. What does this indicate? Selling pressure is being gradually absorbed, and there are no signs of panic selling in the market.
Looking at the Bollinger Bands, the current price is operating in the middle to lower band area. The lower band support is around 0.022, which is an important support zone following the previous rally. If the market were truly turning bearish, it would typically break through the lower band with increased volume. But what we see now is the price oscillating near the lower band, which already indicates a lot.
The short-term moving averages are indeed trending downward, but there's a detail worth noting—the price has already fallen significantly away from the moving averages. Continuing to sell off further isn't very cost-effective. Instead, this position is more likely to enter a sideways correction phase. Once the sideways movement prolongs, the moving averages will naturally flatten.
On the MACD indicator, although the green bars are still below zero, they have already started to noticeably shrink, which is an intuitive sign of diminishing downward momentum. If the price stops making new lows and the MACD continues to recover and flatten, that would be a typical signal of stabilization.
Looking ahead, the intraday rhythm is more likely to fluctuate between 0.022 and 0.025, using time to exchange for space. This process may sound torturous, but it is often the phase where bulls regain strength. As long as there is no volume surge breaking below 0.022 in an extreme manner, the overall outlook remains more bullish.
Ultimately, this kind of market tests not who can rush faster, but who can maintain their trading rhythm when others lose patience.
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Let's start with the core judgment: this wave of rally from the lows up to around 0.049 and the subsequent correction, I still lean towards bullishness. However, in terms of rhythm, it's not about a quick surge again, but rather a need for a sufficient digestion process.
From the perspective of the overall market cycle, the main upward phase has indeed completed. But the current pullback is essentially a normal retracement after an increase, not a sign of trend weakening.
During the price decline from the high point, we haven't seen continuous volume surges or heavy selling pressure; instead, the price has been falling and closing gradually. What does this indicate? Selling pressure is being gradually absorbed, and there are no signs of panic selling in the market.
Looking at the Bollinger Bands, the current price is operating in the middle to lower band area. The lower band support is around 0.022, which is an important support zone following the previous rally. If the market were truly turning bearish, it would typically break through the lower band with increased volume. But what we see now is the price oscillating near the lower band, which already indicates a lot.
The short-term moving averages are indeed trending downward, but there's a detail worth noting—the price has already fallen significantly away from the moving averages. Continuing to sell off further isn't very cost-effective. Instead, this position is more likely to enter a sideways correction phase. Once the sideways movement prolongs, the moving averages will naturally flatten.
On the MACD indicator, although the green bars are still below zero, they have already started to noticeably shrink, which is an intuitive sign of diminishing downward momentum. If the price stops making new lows and the MACD continues to recover and flatten, that would be a typical signal of stabilization.
Looking ahead, the intraday rhythm is more likely to fluctuate between 0.022 and 0.025, using time to exchange for space. This process may sound torturous, but it is often the phase where bulls regain strength. As long as there is no volume surge breaking below 0.022 in an extreme manner, the overall outlook remains more bullish.
Ultimately, this kind of market tests not who can rush faster, but who can maintain their trading rhythm when others lose patience.