Binance life has now fallen by 9.25%, which looks scary, but actually shows signs of a short-term Rebound—just like a spring compressed to the bottom, it should be ready to rebound.

The price is now 0.25999, just touching the lower support line of the Bollinger Bands (like a "floor"), and it hasn't directly fallen through, indicating that there are buyers willing to step in at this price level, and the selling pressure is about to be exhausted. Moreover, the fall has been too steep, and it is too far from the 7-day and 25-day short-term moving averages, which inherently creates a demand to revert back. The candlestick chart is also showing signs of a rebound.

But be careful: this is just an oversold Rebound, not a trend reversal, the overall direction is still bearish. There's quite a bit of resistance above, first look at the 7-day moving average of 0.2638, then the middle of the Bollinger Bands at 0.2712. If it can't break through, the Rebound will be limited. Additionally, if it falls below today's low of 0.2530, there's no hope left, and you can only treat it as a short-term Rebound, in and out quickly.
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