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Recently, the trend of a certain leading token has attracted market attention. On the surface, the fluctuations seem frequent with ups and downs, but a closer look reveals some warning signals. Trading volume has not increased in tandem, and the price rise lacks transaction support, which often indicates signs of artificial manipulation of funds.
Even more problematic, ongoing token unlock plans continuously release selling pressure into the market. As new supply keeps pouring in, the price needs to fight against this downward force to continue rising—often with unsatisfactory results.
Most single-cycle token projects of this kind have historically ended in deep traps, with investors ultimately buying at high prices. In extreme cases, it can even affect other projects within the related ecosystem. Therefore, those seemingly prosperous rebounds are likely carefully designed to attract retail investors to follow the trend.
From a technical perspective, the current price is oscillating around 4.944 USDT:
Support level is at 4.886 USDT (consider placing small orders near this level)
Resistance level is at 5.09 USDT (about 3.20% difference from the 1-hour K-line)
The 4.964-4.993 range is a relatively dense resistance zone
The trading suggestion is to go long near support levels on dips, but be sure to set stop-loss points below the support. Risk always comes first.