The charts provide a clear picture. The main trend starting from the 10900 level has comfortably surpassed the 11549 and 12376 resistances, approaching the 12800 region, which is the target of the pennant formation. This level, which has not been broken, is expected to be tested seriously.
In this critical area, the market may move somewhat sensitively. There is a high likelihood of consolidation between 12800-12900. It is natural for the price to struggle here. It is possible to see selling pressure—however, since the upward trend momentum has not yet been broken, it is worth waiting.
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MEVHunterBearish
· 7h ago
12800, this level needs to be watched closely; it feels like a break is imminent.
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OldLeekNewSickle
· 7h ago
Whether this key level of 12800 can be broken is really hard to say. It feels like the project team only starts telling the story after pushing the price up to a high level—same old tricks.
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Rugman_Walking
· 7h ago
The 12800 level is indeed critical, but to be honest, the bulls are still actively accumulating at the moment.
Weekly Index Status
The charts provide a clear picture. The main trend starting from the 10900 level has comfortably surpassed the 11549 and 12376 resistances, approaching the 12800 region, which is the target of the pennant formation. This level, which has not been broken, is expected to be tested seriously.
In this critical area, the market may move somewhat sensitively. There is a high likelihood of consolidation between 12800-12900. It is natural for the price to struggle here. It is possible to see selling pressure—however, since the upward trend momentum has not yet been broken, it is worth waiting.