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.
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LiquidationKing
· 01-11 03:31
Still dragging on after three months of continuous decline, it's really frustrating
If the trading volume doesn't keep up, it's just a false breakout; I've seen it happen too many times
How it will move in the next two weeks depends on how the candlesticks cooperate; otherwise, it will just continue to fall
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ForkPrince
· 01-10 20:41
Trading volume not following is a big problem; just testing the price is meaningless
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It's another back-and-forth struggle, I really understand this frustrating feeling
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If there's no volume increase within two weeks, I might really give up
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The 200-day moving average is life; whether it breaks or holds depends entirely on these two weeks
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Watching K-line patterns every day, I'm just afraid of fake signals
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Three months of continuous decline is truly uncomfortable; I hope this time it's really going to rise
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I really can't learn trading volume; every time I get caught in the套路
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Breaking through a level requires a huge amount of volume; it feels a bit uncertain
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just_another_wallet
· 01-09 23:39
Lack of volume follow-up is just a false alarm; let's wait another two weeks to see.
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OnchainGossiper
· 01-08 04:54
If trading volume doesn't keep up, it's just nonsense, and we have to keep waiting.
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The 200-day moving average is always said to be a key hurdle, but what actually happens?
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Three months of continuous decline is really a bit despairing, but it should break through quickly once it happens.
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If there's no increase in volume within two weeks, I'll just cut my losses and leave. Waiting any longer will really crush my mentality.
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Is it a breakout or a rebound? Let's see what the candlestick patterns this week can tell us.
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Basically, it's a bet on trading volume. Breakouts without volume are all fake breakouts.
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It's good enough if it can stabilize above this line at the beginning of the year. Don't overthink it.
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I'm really tired of this back-and-forth tug-of-war. Can't it just go up or down directly?
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Let's wait and see. I feel there will be opportunities later. Don't rush to make a move.
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Trading volume comes and goes; a sudden big bullish candle changes everything.
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OldLeekMaster
· 01-08 04:48
Insufficient volume support is a false breakout; just watch over the next two weeks.
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LiquidationOracle
· 01-08 04:37
Trading volume hasn't picked up yet, this is awkward.
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It's the same story again, every time they say two weeks are critical, but what actually happens?
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Whether the 200-day moving average can hold is really hard to say; it feels like a psychological price level.
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Three months of continuous decline and still testing repeatedly, how much patience does it take?
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Only with increased volume can there be a real breakout. I'm tired of hearing this; when will it happen?
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I'm just afraid that after a breakout, it will be smashed back down. This kind of market is the most annoying.
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Does the candlestick pattern have convincing power? Difficult, the volume simply can't keep up.
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The 200-day moving average is indeed a hurdle, but it feels like this round can't break through.
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LiquidityWhisperer
· 01-08 04:31
If the trading volume doesn't keep up, it's just talk. Let's see in the next two weeks.
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GweiWatcher
· 01-08 04:28
Insufficient volume is nonsense; it feels like we're bottoming out again.
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.