Regarding the future direction of Nova, I would like to share some technical insights.
From the current perspective, whether the market is bullish or bearish, I expect an initial rejection at the key level of 100k.
My reasoning is as follows: even if we continue to break upward, and this is not just a technical rebound, I still anticipate encountering resistance in this area. Similarly, if the current trend is a rebound, 100k remains a noteworthy resistance level. In other words, regardless of the short-term pattern, this price level could become a battleground between bulls and bears.
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MevHunter
· 7h ago
100k really is a magic level, both bulls and bears have to admit defeat
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I get this logic, but the key level must be tested eventually
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It's the same old story, always saying the key level is resistance... but it gets broken through directly
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No matter how it moves, I can predict it, I also know technical analysis
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There is indeed something around 100k, but in the end, it still depends on the market sentiment
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So, are you bullish or bearish, buddy? Don't want both sides
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Clear analysis, but I bet it will break through directly
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This position definitely needs to be watched, feels like it will get stuck here
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BankruptWorker
· 17h ago
100k is really a hurdle; both bulls and bears must respect this level.
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ShadowStaker
· 01-17 17:06
100k acting as a fulcrum feels lazy tbh... every analyst and their validator's watching that level. the real question is whether we even get there or if this resolve breaks before we test it
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ImpermanentLossEnjoyer
· 01-17 17:05
That 100k hurdle really can't be bypassed; both bulls and bears have to look at its face.
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NFTFreezer
· 01-17 17:01
That 100k hurdle really can't be bypassed; both bulls and bears have to bow their heads and behave.
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MissedAirdropBro
· 01-17 16:54
100k is really an insurmountable hurdle; both bulls and bears have to wrestle here.
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MEV_Whisperer
· 01-17 16:39
100k really is a hurdle that can't be avoided. This guy's analysis is spot on.
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It's the same logic again, both bulls and bears are stuck at the same point, really nothing new.
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Wait, is it a rebound or a breakout? What should we do at 100k?
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Hey, this brother's words are confusing me a bit. Do both bulls and bears have to take a hit?
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I've known about the 100k position for a long time. The question is, who breaks first and who breaks later?
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Sounds like no matter how it rises or falls, it has to hit that point. That's interesting.
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I've heard this technical theory a thousand times. Just waiting to see how 100k is played out.
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Is it always a key level no matter what? Brother, you're playing Tai Chi.
Regarding the future direction of Nova, I would like to share some technical insights.
From the current perspective, whether the market is bullish or bearish, I expect an initial rejection at the key level of 100k.
My reasoning is as follows: even if we continue to break upward, and this is not just a technical rebound, I still anticipate encountering resistance in this area. Similarly, if the current trend is a rebound, 100k remains a noteworthy resistance level. In other words, regardless of the short-term pattern, this price level could become a battleground between bulls and bears.