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July 25 mid-day quick analysis of the “second coin”
From the 4-hour price action, after the coin previously surged to around 1909, it began to pull back and adjust. The current price is hovering around 1860.
In the short term, the downside momentum has weakened somewhat, but there hasn’t been a clear reversal signal yet. We are currently in a consolidation phase after the pullback. There is resistance overhead at 1880–1900, while 1846 is near-term low support.
If it can hold above support without breaking down, it may gradually rebound. If it breaks below 1846, it could continue to test lower levels.
Market sentiment is rather cautious right now. It’s recommended to observe first and wait for a clearer direction before taking action—don’t rush to chase rallies or sell aggressively.