First, the conclusion: the structure of this 30-minute chart still favors the bulls, but the upward momentum needs to slow down to allow the floating chips to fully digest.
From the low point rising to around 0.049, the main upward phase has indeed come to an end. The current correction is a normal profit-taking process and is not a sign of a trend reversal.
The most intuitive indication is that when falling from the high point, there was no continuous volume surge to suppress the price; instead, there were buyers absorbing the sell-off as it declined, indicating that there is still support below.
Looking at the Bollinger Bands dimension, the price is now trading between the middle and lower bands, and the 0.022 level is a strong support from the previous rally. To truly turn bearish, a volume breakout below the lower band is necessary, but currently, the price is just oscillating around the lower band, which from a structural perspective does not support a bearish trend initiation.
Although the short-term moving averages have started to turn downward, the price is already significantly away from the moving averages. Further downward pressure at this height is not very safe and may instead lead to a sideways correction mode.
The MACD indicator is still below the zero line, but the green bars are continuously shrinking, indicating that the downward momentum is weakening. If the price does not make a new low and the MACD begins to recover simultaneously, it will be a sign of stabilization.
Based on technical analysis, today is most likely to see repeated oscillations within the 0.022 to 0.025 range, using time to gain space and waiting for the next opportunity.
Although this process tests patience, it is actually a critical stage for bulls to gather strength. As long as the price does not break support at 0.022 with volume, the bullish logic remains unchanged.
The key to trading this kind of market boils down to one thing: it’s not about speed, but whether you can hold patience, maintain your rhythm, and ultimately come out on top.
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QuietlyStaking
· 17h ago
Patience is easy to talk about, but actually holding onto 0.022 without breaking is the real skill. I just want to see who can hold on until the end.
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OnchainFortuneTeller
· 17h ago
It looks like another round of consolidation and buildup, as long as 0.022 isn't broken, it's still a game of being long.
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PoolJumper
· 17h ago
That's right, you just need to be patient and not get scammed into selling. Holding at 0.022 still gives you a chance.
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GasWrangler
· 17h ago
look, technically speaking the data here is actually pretty compelling if you analyze it right. the volume profile on that dump was sub-optimal for bearish confirmation, demonstrably inefficient price action. if you're not tracking the delta between 0.022 and 0.025 on a granular level, you're honestly leaving gains on the table. most people get this wrong, tbh.
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rekt_but_vibing
· 17h ago
Patience is easy to talk about, but when it comes to the震荡 phase, everyone wants to cut losses and escape... Holding the key level at 0.022 will determine everything.
First, the conclusion: the structure of this 30-minute chart still favors the bulls, but the upward momentum needs to slow down to allow the floating chips to fully digest.
From the low point rising to around 0.049, the main upward phase has indeed come to an end. The current correction is a normal profit-taking process and is not a sign of a trend reversal.
The most intuitive indication is that when falling from the high point, there was no continuous volume surge to suppress the price; instead, there were buyers absorbing the sell-off as it declined, indicating that there is still support below.
Looking at the Bollinger Bands dimension, the price is now trading between the middle and lower bands, and the 0.022 level is a strong support from the previous rally. To truly turn bearish, a volume breakout below the lower band is necessary, but currently, the price is just oscillating around the lower band, which from a structural perspective does not support a bearish trend initiation.
Although the short-term moving averages have started to turn downward, the price is already significantly away from the moving averages. Further downward pressure at this height is not very safe and may instead lead to a sideways correction mode.
The MACD indicator is still below the zero line, but the green bars are continuously shrinking, indicating that the downward momentum is weakening. If the price does not make a new low and the MACD begins to recover simultaneously, it will be a sign of stabilization.
Based on technical analysis, today is most likely to see repeated oscillations within the 0.022 to 0.025 range, using time to gain space and waiting for the next opportunity.
Although this process tests patience, it is actually a critical stage for bulls to gather strength. As long as the price does not break support at 0.022 with volume, the bullish logic remains unchanged.
The key to trading this kind of market boils down to one thing: it’s not about speed, but whether you can hold patience, maintain your rhythm, and ultimately come out on top.