2026-03-05 02:39:47

3.5 Double Coin Market Analysis

The Double Coin surged to 2201 before quickly pulling back, effectively breaking below the short-term MA7. The MA7 has turned downward and formed a death cross with the MA30, indicating that short-term bullish momentum has significantly weakened. After closing with a long upper shadow at a high level, it continued to close lower, showing weak rebound strength. The price repeatedly oscillates around a key support zone, and the rebound lacks volume support. Although the KD indicator is in the oversold zone, a golden cross has not yet formed, and market sentiment remains bearish, with selling pressure gradually easing.

Under the current structure, there is a short-term technical rebound demand, but the overall weak pattern remains unchanged. If the rebound faces resistance and is suppressed, downside risks still exist; if the key support holds, a phased rebound may occur.

Initial resistance for the rebound is at 2170; if broken, it could further rise toward 2210.

Trading Suggestions

Buy within the 2080—2110 range
Target: 2170—2210

BTC1.23%

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