2026-01-02 02:26:27

Midweek momentum picking up—crypto markets don't sleep, and Friday's session could get interesting. $CIFR is sitting right at the support zone of its expanding wedge pattern. The setup looks textbook: price has found the lower boundary and appears ready for a rebound. Friday could see some action pushing back toward the $15.39 resistance level. These expanding wedge formations often precede sharp reversals, especially when buyers step in at support. Worth watching the tape Friday to see if the bounce materializes or if sellers defend that resistance again.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
5
Repost
Share

Comment

0/400

just_here_for_vibes

· 5h ago

The support level has been reached; the key is whether it can rebound on Friday. $CIFR this wave depends on buyers to rescue it.

View OriginalReply0

CoffeeNFTs

· 5h ago

Is the CIFR support level really holding up? It feels like it could break at any moment... But since we mentioned a textbook setup, let's see if it can rebound on Friday.

View OriginalReply0

AirdropHunterWang

· 5h ago

The support level has stabilized. Whether it can rise on Friday depends on the trading volume.

View OriginalReply0

FancyResearchLab

· 5h ago

It's the same ascending wedge pattern again. Theoretically, it should work, but I bet five bucks that it will still get broken down on Friday, haha.

View OriginalReply0

ShadowStaker

· 5h ago

textbook wedge setup but honestly the buyer conviction at support lately has been... questionable at best. seen too many "textbook" patterns get invalidated when whale-sized sells dump right at resistance. $15.39 feels like a dead cat bounce waiting to happen ngl

Reply0