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It has been falling for three consecutive months now.
Looking at the daily chart, the price has been repeatedly tugging around the 200-day moving average. This line is too critical for both long-term bulls and bears—it’s the invisible boundary between the bull and bear markets. From past trends, as long as the price can effectively break through this line at the beginning of the year and confirm with increased volume, the first quarter usually extends a good trend.
The current issue is that the trading volume has not kept up. Although the price is repeatedly testing this level, there are no obvious signs of volume expansion. The next two weeks are crucial—whether convincing candlestick patterns can appear to confirm the direction of the breakout. If the volume can pick up in tandem at that time, it will truly indicate that the price has stabilized above this moving average.