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FUN coin has fallen by 94% in the past six months and hit bottom on the 19th of last month. It then began to fluctuate repeatedly, experiencing consecutive adjustments in mid-month (7-16). However, based on today's performance, the signs of a bottoming out are clear. The daily chart technical pattern shows that the upward channel is being reestablished, with multiple technical indicators showing signs of breaking upward. From the perspective of time cycle and price position, it is currently in the initial stage of a rebound, and it is worth paying attention to whether it can stabilize above the key support level in the subsequent period. Recovery after a long-term sharp decline often requires time for validation, but the current technical outlook indeed shows positive signals.
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Once again, a positive technical signal. I've almost worn out that phrase.
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Hold the support level? Let's first talk about why the support level we agreed on last time didn't hold.
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After such repeated fluctuations, who really knows where the bottom is?
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For coins that have died once already, so what if they rebound? I choose to stay flat.
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Multiple indicators breaking through... Just listen, don't take it seriously.