2026-01-12 22:56:19

We're seeing some real consolidation action here. Is this the actual bottom? Price keeps bouncing off the same floor level—looks like genuine support forming. Anyone else noticing this chart pattern? What would you call this kind of price action?

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BlockchainDecoder

· 01-12 23:25

According to research, this price behavior is actually a typical double bottom pattern, as cited from "Technical Analysis of the Financial Markets." This phenomenon of repeatedly touching the same support level is statistically significant. However, it must be emphasized that data shows that merely bouncing off the support level is not enough; a breakout must be confirmed by volume. Otherwise, it's all just theoretical talk.

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SignatureDenied

· 01-12 23:18

Oh wow, this support level is indeed being tested repeatedly, but I think we need to wait and see some more. After all, fake breakouts have trapped too many people.

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WenMoon

· 01-12 23:15

Hmm... Is this really the bottom? I think it still depends on whether it can stabilize afterward; otherwise, it's a false breakout.

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GasFeeBeggar

· 01-12 23:11

Bottom? Uh... I can't quite tell in this round. I thought it was the end every time, but then it drops again. However, this support level is indeed a bit strong, and it has rebounded several times.

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