$BULL has undergone a significant decline and is currently in the process of forming a classic bottom. The price is holding above the key support level around 8.2, and the downward lows have already shown signs of stabilization. The short-term moving averages are also beginning to flatten, which is a typical sign of a bottom reversal on the eve. Historically, such patterns often indicate a trend reversal. Rather than panic following the crowd, it's better to stay patient and wait for the market to provide clearer directional signals.
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BlockchainArchaeologist
· 01-12 09:33
8.2 this support level has held for so long, but I think the idea of a bottom reversal on the eve is a bit too optimistic...
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HalfPositionRunner
· 01-12 04:31
Holding this position at 8.2 for so long is indeed quite interesting.
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SnapshotDayLaborer
· 01-12 00:00
Coming back with this again? As long as 8.2 holds, it's meaningful. Anything said now is just pointless.
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PrivacyMaximalist
· 01-12 00:00
8.2 Can this support hold up... sounds a bit familiar
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MysteryBoxOpener
· 01-11 23:58
8.2 has held for so long, it feels like a psychological game... When will it rebound?
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NFT_Therapy
· 01-11 23:46
I've heard this bottom-building narrative too many times. Can the 8.2 support hold? To be honest, it's a bit uncertain.
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liquidation_watcher
· 01-11 23:39
8.2, can this support level really hold? I always feel like it might break again.
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YieldWhisperer
· 01-11 23:30
lol "classic bottom formation" — actually the math doesn't check out here. those support walls around 8.2? i've tracked this exact wallet pattern before, seen it in like three failed tokens back in 2021. tvl metrics look artificially inflated if you dig into the contracts. ngl the technical setup screams death spiral waiting to happen, not reversal.
$BULL has undergone a significant decline and is currently in the process of forming a classic bottom. The price is holding above the key support level around 8.2, and the downward lows have already shown signs of stabilization. The short-term moving averages are also beginning to flatten, which is a typical sign of a bottom reversal on the eve. Historically, such patterns often indicate a trend reversal. Rather than panic following the crowd, it's better to stay patient and wait for the market to provide clearer directional signals.