USTC, which surged 50% in the past 7 days, suddenly hit the brakes! Is it a short break or a market peak?
Technical analysis hides secrets: A showdown between bulls and bears is imminent
Volume-price divergence signals yellow light:
Yesterday's surge was accompanied by a decrease in trading volume
0.035 USD resistance level failed to breach 3 times consecutively
The life-and-death defense line is here:
0.028 USD becomes a firm bottom support
Three pullbacks quickly rebounded, like stepping on a spring bed
MACD issues a warning:
The fast and slow lines are at a high position 'sticking to the surface' (overbought signal)
Only if we can consolidate and digest pressure will we have the momentum for a second charge
Threefold uncertainties in the news: Community self-rescue vs. real-world tests
Bullish camp
Terra Classic community unanimously approved the 'Destruction of 800 million USTC' proposal (accounting for 4% of circulation)
Binance wallet monitoring shows: Market makers quietly increased their positions by 2 million USD
Korean exchange Upbit suddenly suspended USTC deposits and withdrawals (suspected technical upgrade)
Observation list
The anchoring mechanism has not fully recovered, and decoupling risks still need to be heeded
Large holders reduced their holdings by 4.3 million coins in 3 days (about 150,000 USD)
Qiu Ge's two strategic viewpoints
▶ Upward route (stabilize at 0.032 USD)
→ Volume breakout at 0.035 resistance level
→ Attack the previous high of 0.04 USD (25% above the current price)
▶ Defensive route (break below 0.028 USD)
→ Pull back to the 0.025 support level to gather strength
→ Waiting for the execution results of the destruction proposal
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$USTC