Once this trend gets broken, expect the market to test the range resistance at the upper boundary. Should the breakout hold momentum, we could see expansion pushing back above the 8% level. The key here is watching whether sellers step in at the previous resistance or if buying pressure continues to drive price action higher.
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.
7 Likes
Reward
7
3
Repost
Share
Comment
0/400
ImpermanentPhilosopher
· 7h ago
It's the same story again. The 8% threshold has long been boring. If it really breaks out, it will depend on when the big players turn hostile.
View OriginalReply0
MaticHoleFiller
· 7h ago
Is it selling pressure or buying pressure? The key is whether this wave can break through the resistance level. 8% is a bit risky.
View OriginalReply0
CommunityLurker
· 8h ago
Once the breakout occurs, it depends on whether the resistance can hold. If selling pressure comes back to disrupt, then there's no hope.
Once this trend gets broken, expect the market to test the range resistance at the upper boundary. Should the breakout hold momentum, we could see expansion pushing back above the 8% level. The key here is watching whether sellers step in at the previous resistance or if buying pressure continues to drive price action higher.