It's been consolidating for so long, it was about time for a rebound. From a technical perspective, the current consolidation range is already quite sufficient, with both funds and chips accumulating here for a while. Market participants' expectations for the subsequent trend seem to be converging. If this continues, a decision will definitely be made—either breaking upward to establish a new high or breaking downward to seek support. Usually, after a long period of sideways trading, a significant directional move follows. This time shouldn't be an exception; the key is when it will ignite.
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FudVaccinator
· 12-16 13:48
The pressure of 90 is too much, I think it's suspicious. We have to wait for big news to stir things up.
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TokenStorm
· 12-16 13:42
90? Stop joking. The probability of this breakdown is even higher, bro.
On-chain whales are active again. We're just small retail investors waiting to be harvested.
Is it a consolidation enough? I think it's just giving the big players time to accumulate. I've seen through it; still, I want to go all in.
The key is when to ignite. I bet on next Monday.
Can this price level stabilize above 90 again?
It's been consolidating for so long, it was about time for a rebound. From a technical perspective, the current consolidation range is already quite sufficient, with both funds and chips accumulating here for a while. Market participants' expectations for the subsequent trend seem to be converging. If this continues, a decision will definitely be made—either breaking upward to establish a new high or breaking downward to seek support. Usually, after a long period of sideways trading, a significant directional move follows. This time shouldn't be an exception; the key is when it will ignite.