TMC's price action is looking pretty solid right now. The token sits comfortably above all its moving averages, and they're stacked in proper bullish alignment—textbook setup. Earlier this week, it punched through that short-term triangle consolidation. What's impressive is how it handled the retest on Tuesday and Wednesday: dipped below the breakout level, found buyers, then closed back above it with real conviction. That kind of close matters. When you see price reclaim resistance after testing it like that, it signals the buyers are genuinely engaged. Worth watching to see if TMC can hold this momentum and extend higher from here.
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DefiOldTrickster
· 8h ago
Haha, moving averages stacking, bullish alignment, breakout retests... I've been tired of this routine for ten years, and you're still talking about it?
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StealthDeployer
· 8h ago
Looking at the recent TMC trend, it does have some significance, but don't get carried away.
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It's not surprising that the MA is fully bullish across the board; the key is whether it can hold this level.
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The retest on Tuesday and Wednesday found buying interest, which is pretty good, indicating that someone is indeed stepping in.
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NGL, I've seen too many textbook setups like this, and most of the time they end up crashing down.
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Whether TMC can break out depends on how the next few candles perform.
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After breaking the consolidation, it retested back; politely called it conviction, but frankly, it's hesitation. Anyway, just waiting to see what happens.
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FloorPriceNightmare
· 8h ago
Wow, this trend really has some potential. I'm just worried about another sudden drop later on.
Where's the confidence we talked about? Are those holding now doing okay?
A successful break and retest is indeed a good sign, but it depends on whether we can hold.
Feels like there's a chance this wave will succeed, but be careful not to become the bag holder.
When it rises, you're a genius; when it falls, you're trash. TMC, keep going!
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AirdropHunter
· 9h ago
Really? The buying pressure is so strong? It feels like every time I hear that, it still ends up falling.
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RugpullTherapist
· 9h ago
It looks like another textbook-level bullish setup, but I bet five bucks it'll break down next week.
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GasFeeLover
· 9h ago
Looking at that retest trend, it’s quite interesting... I just don’t know if it can really hold up.
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Did TMC manage to stabilize after breaking down and retesting? There’s something there.
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The moving averages are perfectly aligned, and the contract traders are about to start adding leverage like crazy haha.
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To be honest, I do believe a conviction close kind of thing, but the prerequisite is that the volume needs to follow up.
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Breaking down and then retesting while still holding above—this is what we call buyer engagement? But we’ll have to see how it develops later.
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Seeing setups like this every day, only a few actually double in value... Let’s stay cautious and optimistic.
TMC's price action is looking pretty solid right now. The token sits comfortably above all its moving averages, and they're stacked in proper bullish alignment—textbook setup. Earlier this week, it punched through that short-term triangle consolidation. What's impressive is how it handled the retest on Tuesday and Wednesday: dipped below the breakout level, found buyers, then closed back above it with real conviction. That kind of close matters. When you see price reclaim resistance after testing it like that, it signals the buyers are genuinely engaged. Worth watching to see if TMC can hold this momentum and extend higher from here.