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.
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staking_gramps
· 01-05 02:49
Damn it, the MACD bars have flattened. Now it's really about whether 27.2 can hold.
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PumpDetector
· 01-04 04:40
macd histogram collapsing 28% is the real tell here... whale movement's been sus since that 36.06 pump. not saying i called it, but the pattern's obvious if you're reading between the lines
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DAOdreamer
· 01-03 16:51
Here we go again, this kind of high-level plunge... Can 27.20 hold? To be honest, I have no idea.
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FOMOmonster
· 01-03 16:50
Another thing that opened high and closed low, CLANKER this time really underperformed.
We're almost unable to hold the trend line, and still have the nerve to talk about bullishness? Wake up, brother.
If 27.20 is also broken, it's game over, no other words to say.
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AirdropJunkie
· 01-03 16:43
Back to 32 again? I told you not to chase the high long ago. Holding at 27.20 now is already pretty good.
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TrustlessMaximalist
· 01-03 16:40
Clanker has indeed taken a hit this time, dropping from 36 to 32. It feels like the bulls are pretty badly trapped.
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TestnetScholar
· 01-03 16:35
It dropped again, and the MACD has weakened by 28%. This wave might really be reversing.
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LiquidationKing
· 01-03 16:30
Another pattern of opening high and closing low, CLANKER is indeed having a tough time this time.
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.