LIGHT's recent trend has indeed been somewhat weak. The 24-hour decline exceeds 8%, which is a clear sign of weakness. From a technical perspective, EMA7 has already fallen below the 25 and 99 moving averages, and these levels are now acting as resistance. The MACD indicator remains below the zero line, and the momentum for a rebound is clearly insufficient—just now, when the price dropped to around 0.6070 and tried to rebound, it lacked strength, indicating strong bearish control. Currently, the price has returned to around 0.6459, which has become an ideal shorting point. Based on the current technical analysis and market sentiment, there is still a possibility of further decline.
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rekt_but_resilient
· 01-06 17:18
Light has dropped again, and the bears are still eating the meat.
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DegenApeSurfer
· 01-06 17:05
The bears are really fierce this time. They can't even bounce back from 0.6070. They're definitely out of stock.
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PaperHandsCriminal
· 01-06 05:49
Down another 8%? Bro, this LIGHT is really teaching me a lesson. I've already set my short positions, but I still have to take a loss 🤣
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BagHolderTillRetire
· 01-06 05:30
The bears' control in this wave is indeed strong, and the rebound is weak.
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BearEatsAll
· 01-03 17:53
Light, this crappy coin is starting to underperform again; the bears are really eating up the gains.
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AirdropHunter007
· 01-03 17:51
The bears are really winning, unable to rebound at 0.6070. Now I believe it.
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SnapshotLaborer
· 01-03 17:45
This round of light is really weak, with the bears in complete control.
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SadMoneyMeow
· 01-03 17:40
The bears are truly dead, and the inability to rebound from 0.6070 directly proves it.
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GateUser-00be86fc
· 01-03 17:29
LIGHT, this wave is really out of steam, an 8% drop is just exhausting to watch.
LIGHT's recent trend has indeed been somewhat weak. The 24-hour decline exceeds 8%, which is a clear sign of weakness. From a technical perspective, EMA7 has already fallen below the 25 and 99 moving averages, and these levels are now acting as resistance. The MACD indicator remains below the zero line, and the momentum for a rebound is clearly insufficient—just now, when the price dropped to around 0.6070 and tried to rebound, it lacked strength, indicating strong bearish control. Currently, the price has returned to around 0.6459, which has become an ideal shorting point. Based on the current technical analysis and market sentiment, there is still a possibility of further decline.