5.7 Concise Morning Analysis

Concubine’s price surged to 2351 in the morning and then slightly retreated, but it stabilized above the key low point of 2337, remaining within an upward channel overall. The KDJ indicator quickly fell to low levels, with an obvious oversold signal. The short-term technical rebound window has already opened. The current pullback is a healthy consolidation during the upward trend, not a trend reversal.

Fundamental factors and market sentiment are resonating, with the logic of Doutu solid, on-chain ecosystem activity continuously rising, and institutional funds maintaining their allocation to Concubine; the overall market sentiment is warming. As a mainstream leader, Concubine’s correlation and potential for a rebound are gradually being unleashed. The current consolidation is just to accumulate momentum for subsequent breakthroughs.

The short-term support zone of 2335-2340 has been repeatedly validated. As long as it does not break down effectively, the bullish trend will not change. The resistance level of 2350 is only a phased target; once broken, it will open up new upward space. The main wave of this rally has just begun.

Trading Suggestions:
Buy within the 2320-2310 range, targeting 2380-2390.