LIGHT's current trend has fallen into a typical bearish suppression pattern. The price is firmly locked below the 5-day moving average at 0.606, with two resistance levels at 0.647 and 0.687 standing above, making a short-term breakout quite difficult. From a technical perspective, the RSI indicator remains at an awkward 43, neither overbought nor oversold, appearing quite weak; the MACD is glued below the zero line, lacking upward momentum.
The biggest issue lies in the trading volume. It has shrunk to residual levels of the average volume, indicating severely insufficient market participation. This liquidity drought is most prone to rapid downward moves—a single sell-off could break through previous lows. The current price is around 0.6014, and short-term opportunities may vanish quickly.
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GateUser-9dfa6075
· 01-10 12:41
Why look so much everywhere? Just see if the big players want to push the market. Right now, with many long positions, they don't dare to push, so it's just sideways trading, eating up long position fees.
LIGHT's current trend has fallen into a typical bearish suppression pattern. The price is firmly locked below the 5-day moving average at 0.606, with two resistance levels at 0.647 and 0.687 standing above, making a short-term breakout quite difficult. From a technical perspective, the RSI indicator remains at an awkward 43, neither overbought nor oversold, appearing quite weak; the MACD is glued below the zero line, lacking upward momentum.
The biggest issue lies in the trading volume. It has shrunk to residual levels of the average volume, indicating severely insufficient market participation. This liquidity drought is most prone to rapid downward moves—a single sell-off could break through previous lows. The current price is around 0.6014, and short-term opportunities may vanish quickly.