2026-01-08 16:31:00

This coin has recently experienced a significant correction—down 62% within 96 hours. However, from a technical perspective, the bearish momentum has basically been exhausted.

Looking at the 1-hour chart, the price repeatedly tests the key support zone and gradually forms a clear bottoming pattern. Recently, the buying strength has noticeably increased, and the price has effectively broken through the short-term downtrend line, which is a positive signal. The trading volume rising with the price suggests that a rebound trend is beginning to establish.

From several technical indicators, the support level has become more effective after multiple tests, and the recent volume surge indicates that funds are entering the market. The RSI has moved out of oversold territory, and the MACD has generated a bullish crossover below the zero line—these all point to improving short-term momentum.

Looking ahead, if the price can stabilize and form a solid support, the next target should be the upper boundary of the previous downtrend channel. In the longer term, the project's fundamentals have not deteriorated; on the contrary, this deep correction has provided a good entry opportunity for optimistic investors. As market sentiment gradually stabilizes and the project's ecosystem developments continue, market enthusiasm is likely to reignite, leading to a phase of rebound.

Risk reminder: Digital currency is highly volatile. Remember to set stop-loss orders before trading and trade within your means.

View Original

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.

23 Likes

Reward
23
8
Repost
Share

Comment

0/400

SleepyArbCat

· 01-11 11:50

62% decline... Well, this wave is indeed fierce, but to be honest, once the golden cross appears, I start to get a bit cautious. The signs of funds entering the market still need to be closely watched.

View OriginalReply0

SoliditySlayer

· 01-09 11:35

A 62% drop is so brutal, I really can't see a reason for a rebound. The bottom is indeed trying to stabilize, but I still have some doubts. Stop-loss is set, anyway I don't trust the technicals in this wave. Funds entering the market? Feels like another signal of cutting leeks. MACD golden cross is always talked about, but what’s the result? Forget it, I'll just observe for now. This coin is too fierce.

View OriginalReply0

SelfSovereignSteve

· 01-08 17:00

A 62% drop... This time was really harsh, but bottom signals are indeed emerging. Once you've hit the bottom, it's time to think about bottom fishing. Both RSI and MACD are telling a story. As long as this rebound stabilizes, breaking back above the upper band shouldn't be a problem. Stop-losses must be set. This thing can turn on a dime, really.

View OriginalReply0

DegenWhisperer

· 01-08 17:00

A 62% decline... Oh man, this one really hurts. Wait, is this technical analysis reliable? The bottom signals have all appeared, is the capital really entering the market? It's both bottom consolidation and a golden cross again, feels like I say this every time. But on the other hand, if the support can hold... hmm, there might really be a chance. Is RSI breaking out of oversold? Then I need to see how much it can rebound. I'm thinking whether this is the true bottom or just a fake drop, waiting for further confirmation before taking action. Ecosystem advancement? Bro, is the project team still alive recently? Don't forget to set stop-losses, guys. This coin's temper is not to be messed with. Honestly, the people entering now are either brave or fools. Still haven't decided which one they are. Feels like the last blow before a trap set to lure in shorts. Continuing to observe.

View OriginalReply0

MEVvictim

· 01-08 16:57

A 62% decline is indeed stimulating, but there's still some substance to this rebound signal. Dropping 62% all at once really scared me, but technically, this bottom does seem a bit stable. I don't dare to buy in yet, waiting to see what happens, afraid the rebound will crash again. This is the toughest test of mentality. The MACD golden cross sounds good, but I think I'll stay on the sidelines. Setting stop-losses properly is really important. Last time, I didn't set it well and got liquidated directly. What's the next target level? Is there a specific price? Capital inflow is a good sign, but I trust my instincts more. How long can this rebound last? I have no idea. As long as the fundamentals aren't bad, at least it's not heading towards zero. I just want to know when it can return to the previous high, it's a bit tiring to wait like this.

View OriginalReply0

bridgeOops

· 01-08 16:55

A 62% drop is really incredible... but it does seem to be reaching a bottom now. The RSI has moved out of oversold territory, so this wave might really rebound. Funds are coming in, let's wait and see.

View OriginalReply0

ZenZKPlayer

· 01-08 16:49

62% decline... Alright, this time was really harsh, but to be honest, the bottom signals look pretty good. The continuous sharp decline actually makes me a bit more confident; the bears should be tired by now. A golden cross has appeared, RSI has also recovered; next time it hits the upper band, just go for it, don't let another round of slaughter happen. This is the toughest test of patience. I'll just watch quietly; I'm still optimistic about this project in the long run. Wait, is this really the last drop this time... I always feel like there's no absolute bottom in the crypto world.

View OriginalReply0

mev_me_maybe

· 01-08 16:49

A 62% drop is indeed frightening, but from a technical perspective, the bottom seems to be stabilizing. Remember to reduce your position during the next rebound.

View OriginalReply0