2026-01-20 00:23:29

$PTEN made its move two weeks back, breaking past the 50-day EMA and pushing through the descending resistance zone that had been capping gains. The initial candle showed some caution—a spinning top pattern—but it marked a legitimate test of the new level.

Following up last week, the bulls didn't hesitate. A solid bullish continuation candle came through, confirming that the breakout wasn't just noise. Price holding above these levels keeps the short-term momentum in favor of buyers. Watch how $PTEN responds if it touches the 50 EMA again—that'll tell you whether conviction is holding or if we're seeing weakness creep back in.

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WalletWhisperer

· 3h ago

ngl the doji was just price discovery masquerading as hesitation... whales knew what they were doing two weeks ago. if it revisits that 50 EMA and bounces clean, we're watching textbook accumulation phase behavior. if not... well, that's when address clustering gets interesting.

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GateUser-9ad11037

· 3h ago

50EMA testing again will reveal the true strength. If the bulls can't hold this wave, it's really time for reflection.

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YieldHunter

· 3h ago

ngl if you look at the data, that doji just screams "we're testing the waters here" — technically speaking, it's not a confirmation til we see actual volume follow through. sustainable returns don't come from hype candles, they come from liquidity. so... what's the tvl actually doing rn?

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SandwichDetector

· 3h ago

Holding the 50-day EMA is crucial; if it stays put, there's hope. The doji was indeed a trick... However, the big bullish candle last week was quite interesting, feeling like the bulls are serious.

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quietly_staking