Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
CLANKER's recent trend has been a bit heartbreaking. Previously, after breaking through 33.01, it surged all the way to 36.06, looking quite strong. But now the price has dropped to 32.37, not only breaking below the key upward trend line (32.52), but also falling more than 10% from the high.
From a technical perspective, there are also some issues. Although the MACD is still above the zero line, the histogram has shrunk by nearly 28% over the past 5 days, indicating that the upward momentum is clearly waning. This kind of signal usually suggests that the uptrend may be reversing, so caution is advised.
If the decline continues, the strong support below is at 27.20. If even this cannot hold, it may need to find new support levels later. At this point, traders should indeed be more cautious.