Double Coin Analysis:

Double Coin’s 1-hour cycle shows a surge followed by a pullback, along with a high-level ranging pattern. The price started a strong rally from the low of 2244.96, surged to 2324.64, then bullish momentum weakened. It came under pressure and entered a profit-taking pullback phase, and is currently trading in a narrow range near 2299.60.

The earlier uptrend is clear. This pullback is a normal correction within the ongoing rally. Bulls and bears are fighting over the core range of 2290-2310. 2310-2320 above is a strong resistance zone formed by the prior surge and pullback; only a breakout can restart the long side. 2280-2290 below is key support, which is the breakout level for this round of upside; if it breaks, the room for the pullback will expand.

The KD indicator is in a neutral-to-slightly-bullish range, with no overbought or oversold signals, so the short-term oscillation rhythm is unlikely to change. In terms of trading, focus on a range-based approach: if support holds and stabilizes, you can gradually set up light positions on bids, looking toward the resistance levels; if it pulls back under pressure or breaks support, follow the move with sells. The overall higher-timeframe bullish structure remains intact. In the short term, oscillations will digest the profit-taking, while waiting for a breakout to choose the next direction.

Trading suggestion: short at 2330-2360, target 2250-2150.$ETH $DOGE #DeFi4月安全事件损失超6亿美元