$AT is currently in a mild downtrend, with the price hovering around 0.0821. An interesting point is that it is right around the 7-hour moving average (approximately 0.0818), but overall it has broken below the 25-hour and 99-hour moving averages (about 0.0834 and 0.0902 respectively). This position indeed leans towards caution, even showing some bearish signs.
Turning the situation around is not difficult; as long as it can stabilize in the 0.0835 to 0.09 range, which is the intersection of the 25-hour and 99-hour moving averages. Once this line is broken, pressure will ease significantly, and there is room to move up to 0.095 to 0.10.
Conversely, support below is at 0.079 to 0.078, with the recent strong support at the swing low of 0.0796. Currently, trading volume is not high; it has diminished after the previous sharp rally. To achieve a real rebound, sustained buying is needed to recover the short-term moving averages, otherwise it might just be a false alarm.
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zkProofInThePudding
· 12-17 11:50
Trading volume has decreased, and this rebound is likely suspicious. We need to wait for the main players to recover their funds.
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BloodInStreets
· 12-17 11:45
With such dwindling volume, still expecting a rebound? That's hilarious. The probability of a false move is very high.
Missing out for half a year is still painful. Now everything looks like a machine cutting meat.
Can 0.0796 really hold? Feels like it will test 0.078 sooner or later.
Waiting for big funds to enter? Wake up, no one wants to take the bait in this round.
Either smash through 0.078 decisively, or honestly grind it out until the end of time—there's no middle ground.
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ContractFreelancer
· 12-17 11:25
With such shrinking trading volume, a rebound is just nonsense; you need real money to make it happen.
$AT is currently in a mild downtrend, with the price hovering around 0.0821. An interesting point is that it is right around the 7-hour moving average (approximately 0.0818), but overall it has broken below the 25-hour and 99-hour moving averages (about 0.0834 and 0.0902 respectively). This position indeed leans towards caution, even showing some bearish signs.
Turning the situation around is not difficult; as long as it can stabilize in the 0.0835 to 0.09 range, which is the intersection of the 25-hour and 99-hour moving averages. Once this line is broken, pressure will ease significantly, and there is room to move up to 0.095 to 0.10.
Conversely, support below is at 0.079 to 0.078, with the recent strong support at the swing low of 0.0796. Currently, trading volume is not high; it has diminished after the previous sharp rally. To achieve a real rebound, sustained buying is needed to recover the short-term moving averages, otherwise it might just be a false alarm.