BIFI has recently performed well. From a technical perspective, this coin has been quiet under the suppression of a Falling Wedge pattern for some time. Recently, the price is around $201.6, and it looks like it is about to break out of this pattern. Once volume increases and it breaks out, the target is $220. From the candlestick chart, it can be seen that the bullish momentum is gradually accumulating—such brewing periods often precede a wedge breakout. The market is already feeling the energy gathering, and a breakout is imminent.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
GasFeeNightmare
· 5h ago
What are you waiting for to break through? Just break through if you're going to break through.
View OriginalReply0
ShibaOnTheRun
· 5h ago
Break below 220? I actually like it, but I've seen too many wedge patterns like this. Many of the supposed breakouts end up falling back afterward.
View OriginalReply0
WagmiAnon
· 5h ago
Breakout imminent? Why haven't I seen it yet? Let's wait and see.
View OriginalReply0
faded_wojak.eth
· 5h ago
Break below $220? I bet five bucks it will retest it once more.
View OriginalReply0
MEVHunterWang
· 5h ago
The hardest moment is right before the break, I bet $220 to see.
BIFI has recently performed well. From a technical perspective, this coin has been quiet under the suppression of a Falling Wedge pattern for some time. Recently, the price is around $201.6, and it looks like it is about to break out of this pattern. Once volume increases and it breaks out, the target is $220. From the candlestick chart, it can be seen that the bullish momentum is gradually accumulating—such brewing periods often precede a wedge breakout. The market is already feeling the energy gathering, and a breakout is imminent.