The current position is in a strong range, near the upper Bollinger Band. The market shows a clear bullish trend, but there are signs of a high-level pullback. Recently, the price is approaching resistance levels, and upward momentum has weakened compared to the previous period.
In the short term, the market may experience some technical adjustments or fluctuations, and the possibility of a decline has increased. It is especially important to pay attention to the previous high resistance and the pressure from the upper Bollinger Band. If the key resistance is broken, a new round of upward movement may occur; otherwise, it may continue to fluctuate and adjust.
Recently, the candlestick chart has shown a doji and a black three soldiers pattern, indicating a potential trend reversal and downside risk in the short term.
Both the short-term and long-term moving averages are in a bullish arrangement, but the price is approaching the short-term moving average, which may pose a pullback risk.
The current position is close to the upper Bollinger Band, with the opening expanding, indicating strong bullishness but the possibility of a short-term pullback.
Focus: VIC FUN MAGIC BONK XRP SOL FLOKI FIS PNUT SUI
