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Don't panic by the short-term gains; this wave of 1,000,000 BOB from 0.00992 rising steadily to 0.01718 is not just a temporary pump-and-dump. It's a confirmed reversal driven by long-term technical indicator resonance that I've been monitoring for a long time. Those who understand the market have already seen how powerful this momentum is.
Previously, it was a long period of low-volume sideways consolidation, seemingly dead, but in reality, the main players were quietly accumulating and clearing out weak hands. After thoroughly wiping out the panic sell-offs at the bottom, bullish funds concentrated their efforts to push the price higher with strength. There’s no fake volume or hype—this is a solid move built on real capital.
From a technical perspective, there’s not a single flaw. Multiple cycle moving averages are fully aligned in a bullish order, with the price firmly above all of them. These moving averages form a strong support level, bouncing back upon contact. The RSI indicator has rebounded strongly from the oversold zone, moving out of the bottom dullness area and continuing to strengthen, with no signs of bearish divergence. The bullish momentum remains robust.
The MACD fast and slow lines have experienced a golden cross and continue to diverge upward, with increasing red momentum bars. The bearish momentum has been exhausted long ago. The SuperTrend trend line firmly supports the price, providing strong support and preventing any bearish reversal. Coupled with volume expanding in tandem, creating a perfect volume-price rising structure, this confirms that the trend has reversed rather than just a short-term rebound.
Those who sold near the bottom are now watching the market soar, only to panic and chase the high. Their missed opportunity to re-enter will instead push the price even higher. Any attempt to short against the trend at this point is simply going against the flow and courting failure.
Don’t think that pulling from the low to the current level is the top. At most, it’s just the first wave of the main upward move. Even if there’s a slight pullback later, it’s only a brief pause in the rally—an opportunity for hesitant traders to jump in. Having studied the market for years, I see through this level of indicator resonance and capital flow. So, is this just a rebound at the end of the trend, or the beginning of a major rally for 1,000,000 BOB?