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#加密货币市场动态 MMT This wave of movement is quite interesting.
A while ago, there was a surge in volume, and although the price has pulled back from the highs, it remains steady above 0.40. The key point is that both the 25-day and 99-day moving averages have been held. This signal indicates that the bulls have not completely retreated.
From a technical perspective, if the subsequent volume cooperates, it is not impossible to break through the resistance zone of 0.45-0.47. At that time, we can look forward to the level of 0.50-0.52. But don't forget, there is a support zone at 0.36-0.35, with stronger support at 0.32-0.30. Currently, while buying pressure still has the upper hand, the momentum is indeed not as strong as before. The MACD has retreated from the high position and is still hovering above the zero axis. In the short term, we will see if it can launch another volume-driven counterattack.
To be honest, for cryptocurrencies with such technical aspects, the second attack after a pullback is often more crucial. If you are observing, paying close attention to changes in volume is more useful than focusing on price. There are many opportunities during the altcoin season, but the risks are not small; managing your positions is more important than anything else.