Will it come to a wave adjustment after going down for so long?
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The LA coin candlestick chart shows that the price is stabilizing near the support level of 1.15. Recently, the trading volume has rebounded from 9,986,199.8000 to 10,014,016.5125, with MA(5) volume reaching 12,585,158.2800, indicating increased capital attention.
Positive signals are appearing on the technical front: although the MACD histogram is negative, the gap between DIF and DEA is narrowing, and the KDJ indicator's J line at 13.80 has rebounded from the bottom.
If the subsequent trading volume continues to expand in conjunction with a price breakthrough of the 1.19 resistance level, it could trigger short covering and push the price up. We must be cautious as the MACD has not yet crossed above the zero line and the KDJ is not oversold.
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