The pancake 🫓 dropped last night, but did not breach the key support level of 104500 mentioned earlier, and rebounded around 105000.
The current price is around 107700, and there are two possible scenarios ahead:
1. Move upwards: It must break through the resistance level of 108700 with strong volume to have a chance to reach 110000.
2. Move downwards: The area around 104000 is the bulls' defense zone; if it drops below this level, it may trigger panic selling and drop even further.
