New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Let's consider this coin CITY as nonexistent for now.
The current price is $0.696, having hit a new all-time low. Looking at the candlestick chart, it feels like the price has been forcibly flattened, with occasional inexplicable bullish candles popping up only to be immediately pushed back down. Frankly, the market has lost all trading enthusiasm for this asset. CITY has fallen into the quagmire of an "ineffective market"—fan tokens are only speculative during major events like the World Cup or Champions League finals; otherwise, they are just "dead money" waiting to die, and now they are completely forgotten by the market.
Let's look at some key levels. Short-term resistance is between $1.00 and $2.00, a zone that has repeatedly oscillated over the past two years, now turned into a tough barrier that’s hard to break through. Above that is $4.00 to $6.00, which is even more absurd—basically a "place only in dreams" for the current price. Support below is around $0.50 to $0.70, which is where the current position is. But for such low-liquidity coins, support levels are often mirror images—whales can easily smash through them when they decide to exit.
Trading volume best illustrates the issue. Long-term volume levels are very low, occasionally spiking with a huge candle, but the price doesn’t follow upward. This is typical of market makers performing a show—either they are making market to maintain hype or trying to lure retail investors in with fake breakouts.
For different holders: those caught in the trap, don’t expect to make money by cutting losses every day. The right approach is to keep an eye on Manchester City or major event dates. If some big positive news suddenly pushes the price to around $1.50, that’s the golden window to escape—sell everything without hesitation. People who are out of the market? I advise you not to touch it. Don’t think that a 97% decline means a turnaround is possible; fan tokens are fundamentally an emotional game with no real value backing. The current CITY is like an expired lottery ticket—either keep it as a souvenir or throw it away, but never invest more money into it.