The weekly support zone is holding strong, which means the double top scenario hasn't materialized. What's encouraging is that price action this week saw a convincing reclaim of that critical support band.
This kind of bounce-back is exactly the kind of signal traders watch for when testing key support levels. If this band continues to act as a floor, we could see further upside momentum building. The market structure is definitely looking more constructive at the moment.
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LightningLady
· 12h ago
Hold the support firmly, now there's a chance... upward momentum is building.
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fork_in_the_road
· 19h ago
As long as the support level isn't broken, there's still hope. This rebound looks much more comfortable indeed.
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ForkPrince
· 19h ago
The support hasn't broken, and this rebound looks pretty good.
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Layer3Dreamer
· 19h ago
theoretically speaking, if we model this support zone as a recursive verification layer in the $WULF price discovery mechanism... the market structure here is basically demonstrating cross-rollup resilience 🔧 anyone else seeing the parallels to state confirmation patterns? ngl the accumulation thesis is getting spicy
$WULF Weekly Chart Update
The weekly support zone is holding strong, which means the double top scenario hasn't materialized. What's encouraging is that price action this week saw a convincing reclaim of that critical support band.
This kind of bounce-back is exactly the kind of signal traders watch for when testing key support levels. If this band continues to act as a floor, we could see further upside momentum building. The market structure is definitely looking more constructive at the moment.