$ALCH has pulled back after testing the previous resistance at 0.16943, where it got trapped in a consolidation zone for roughly two weeks. Now the question becomes whether the 0.15545 support can hold firm. If it does, the next focus should shift toward watching for potential movement toward the 0.2 resistance area. The key is monitoring how price behaves around these critical levels—holding support would suggest bullish continuation potential, while breaking below could invite further downside pressure. Traders should keep a close eye on volume and momentum confirmation at these pivotal points.
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DaoResearcher
· 01-13 05:31
According to the data in the white paper, the support level at 0.15545 is directly related to the effectiveness of the entire price discovery mechanism. It is worth noting that the two-week consolidation period essentially reflects the market participants' re-pricing process of governance rights.
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YieldFarmRefugee
· 01-13 04:00
Holding the 0.15545 level is the real test; otherwise, it will continue to plunge.
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GhostAddressHunter
· 01-13 04:00
0.15545 needs to hold this level, otherwise it will accelerate downward.
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BlockchainBard
· 01-13 03:48
If we can't hold the 0.15545 level, we'll have to prepare to buy the dip.
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fren.eth
· 01-13 03:41
0.15545 needs to hold steady at this level, or it will drop again. It's a bit frustrating.
$ALCH has pulled back after testing the previous resistance at 0.16943, where it got trapped in a consolidation zone for roughly two weeks. Now the question becomes whether the 0.15545 support can hold firm. If it does, the next focus should shift toward watching for potential movement toward the 0.2 resistance area. The key is monitoring how price behaves around these critical levels—holding support would suggest bullish continuation potential, while breaking below could invite further downside pressure. Traders should keep a close eye on volume and momentum confirmation at these pivotal points.