The second pancake breaks the sideways trend! The next resistance level is at $3,420. Have you gotten on board?

On June 11, the second pancake finally broke out of the 'sideways cage' that lasted for a month, standing firmly in the oscillation range.

From the on-chain data, there are 1.3 million second pancakes concentrated in the $2,700-$2,760 range, which directly establishes the current market's 'iron bottom support'.

Above the spot price, for every $50 increase, there are 200,000 to 400,000 chips distributed, with true strong resistance (608,000 coins) only appearing around $3,417.

If the second pancake can hold steady in the core range of $2,700-$2,760, technically it is hopeful to reach $3,420.

However, from $2,800 all the way to $3,300, there are still many people with 'floating profits waiting to run', and what really determines the upward slope is whether these people are willing to continue holding.

It is worth mentioning that the second pancake has already risen 47.5% this quarter, making it the strongest performer among all mainstream coins.