Recently observing the trend chart of Caishen Coin, there is a very interesting phenomenon—almost every time the price touches the 300,000 mark, it gets pushed down. Is this short-term swing traders repeatedly doing T, or is there a larger force behind the scenes deliberately controlling it?

From a technical perspective, 300,000 has become a clear resistance level. Every time it surges up, it lacks the strength to break through and is always pushed back. If this suppression continues, it either indicates that the main force is accumulating chips at low levels in preparation for a subsequent rally; or that the bears are setting up defenses here, unwilling to give the bulls a chance to breathe.

What's even more interesting is that if at some point later, the price suddenly stabilizes at 400,000 and then gradually moves higher at this pace, it could suggest that the previous suppression was just for accumulating chips. But all of this is just speculation; the truth depends on how the trend develops. In the short term, continuing to monitor the performance around the 300,000 level will reveal the clues.