$META wrapped the week below the yearly pivot point at 645. Key support zones to monitor include the 100-week moving average around 602 (where price found a floor in November) and the November bottom at 581. Should price break below the November low, it would signal a major peak formed back in August, shifting the technical outlook.
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SmartContractWorker
· 01-21 20:22
Whether the key level at 645 breaks or not, it seems to depend on whether the 581 level at the end of November can hold...
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GhostAddressHunter
· 01-21 18:37
Below 645... this is just paving the way for the subsequent plunge.
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BitcoinDaddy
· 01-21 15:24
Below 645, it doesn't make much sense anymore. If it really breaks below 581, I'll have to re-analyze the chart.
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AltcoinHunter
· 01-21 02:03
The 645 level is really a bit awkward; once it breaks down, it directly heads to 602, feeling exhausted...
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If it falls below 581, that August high will truly become a common "one step back to the pre-liberation era" for altcoins.
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The 100-week moving average at 602 is a critical point; I think it must be well defended, or else Bitcoin will follow the chaos.
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Honestly, the technical outlook looks a bit uncertain now; in the past, such breakouts rarely had good results...
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If that key support at 581 is lost, I think we need to re-examine the entire narrative logic.
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Next week, it's highly likely we'll continue testing these support levels; no need to rush.
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Damn, I have to keep an eye on the market again; this week was really exhausting.
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With 602 and 581 sandwiched in the middle, it feels like repeatedly testing the edge of a breakdown, quite uncomfortable.
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LiquidityNinja
· 01-18 21:09
The 645 support level is below the weekly close, it feels like we're about to test that 602 line again.
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NeverPresent
· 01-18 21:09
The 645 support level can't hold down below, once it breaks below 581, it's going to explode. This August peak is about to become a reality...
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ColdWalletGuardian
· 01-18 21:09
If 645 breaks, something serious will happen, and the August high will be smashed down...
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CryptoHistoryClass
· 01-18 21:06
ngl, 602 looking way too familiar rn. literally same floor from november... *checks notes* yeah, history really does rhyme doesn't it
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Lonely_Validator
· 01-18 20:55
645 can't break through, waiting for a rebound...
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gm_or_ngmi
· 01-18 20:44
Below 645... nothing surprising, just waiting to buy the dip.
$META wrapped the week below the yearly pivot point at 645. Key support zones to monitor include the 100-week moving average around 602 (where price found a floor in November) and the November bottom at 581. Should price break below the November low, it would signal a major peak formed back in August, shifting the technical outlook.