DMC forms a clear double-top pattern around 0.00157, with strong resistance above. The current market sentiment is clearly bearish, and trading volume during the decline is quite substantial, which usually indicates continued selling pressure. From a technical perspective, further downside is expected, with a short-term target around 0.00085. If the price rebounds to 0.00102 and fails to hold, it indicates that downward pressure still exists. Whether this correction can accelerate depends mainly on whether trading volume can be sustained.

DMC-1.02%
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
APY_Chaser
· 01-22 12:21
A double top breakout means it's over; I feel like 0.00085 won't hold.
View OriginalReply0
UnruggableChad
· 01-22 12:18
Double top, damn it. This crappy coin should have been sold off long ago.
View OriginalReply0
UnluckyValidator
· 01-19 12:58
Once again, this kind of trend. As soon as a double top appears, it's not a good sign. With such a strong bearish sentiment, I think I'll stay on the sidelines.
View OriginalReply0
GasWaster69
· 01-19 12:52
The double top collapse this time really leaves no suspense; such a large trading volume indicates that big players are already exiting.
View OriginalReply0
BoredWatcher
· 01-19 12:48
Double top and still dropping, with such high trading volume, it should have already gone out by now.
View OriginalReply0
  • Pin