Looking at this chart, it's actually quite good. Based on my experience, assets like this tend to rebound, and the key is what kind of support there is.
This time's situation is quite interesting — the trendline has been respected multiple times, and trading volume has recently picked up, which is usually not a bad sign. More importantly, the current price level is not considered expensive, and some people might still be on the sidelines. If these factors continue to align, the probability of a rebound is still there. It's worth paying attention to the subsequent performance.
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LostBetweenChains
· 5h ago
Hmm, not bad. This rebound only counts if it breaks the previous high.
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CryptoTarotReader
· 5h ago
The return of trading volume is a good sign; the probability of this rebound is indeed quite high.
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ZkSnarker
· 5h ago
ngl the volume confirmation hitting different rn... when support actually gets respected multiple times it's usually not just noise, you know? anyway if this holds price action could get spicy fast
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MysteriousZhang
· 5h ago
Well, the return of trading volume is indeed worth paying attention to; there are still bottom signals.
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ProposalManiac
· 6h ago
I have to admit that the repeated respect for trend lines indicates that the market indeed has a bottom-line consensus. But the question is—how long can the support hold? Historically, how many times has the "volume and price coordination" ultimately been defeated by macro sentiment? This flaw in the mechanism design should be watched carefully.
Looking at this chart, it's actually quite good. Based on my experience, assets like this tend to rebound, and the key is what kind of support there is.
This time's situation is quite interesting — the trendline has been respected multiple times, and trading volume has recently picked up, which is usually not a bad sign. More importantly, the current price level is not considered expensive, and some people might still be on the sidelines. If these factors continue to align, the probability of a rebound is still there. It's worth paying attention to the subsequent performance.