LIGHT is currently stuck at a critical point, and a thorough analysis is needed.
From the above, the pressure is indeed significant. The dense trading zone formed between $0.89 and $1.16 still remains overhead, trapping many investors. Breaking through requires sufficient buying power.
Looking below, the short-term support is at $0.555, which is essentially the current marked price level. If this level cannot hold, the risk of a downward move increases.
Overall, with resistance above and support below, the price is currently in a consolidation zone. It is recommended to wait and see, and make a decision after the subsequent direction is confirmed.
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GasWaster
· 9h ago
Hold tight, if 0.555 breaks, it's all over
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DefiEngineerJack
· 9h ago
honestly the $0.89-$1.16 range is textbook resistance, but you're missing the order flow analysis here. that many bagholders doesn't automatically mean breakout fails—depends entirely on whether institutional accumulation is happening below the surface. $0.555 support is fine i guess but empirically speaking, most "key levels" break anyway lol
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GateUser-26d7f434
· 9h ago
To be honest, LIGHT is really stuck this time. There are too many trapped orders above, and it can't break through at all.
LIGHT is currently stuck at a critical point, and a thorough analysis is needed.
From the above, the pressure is indeed significant. The dense trading zone formed between $0.89 and $1.16 still remains overhead, trapping many investors. Breaking through requires sufficient buying power.
Looking below, the short-term support is at $0.555, which is essentially the current marked price level. If this level cannot hold, the risk of a downward move increases.
Overall, with resistance above and support below, the price is currently in a consolidation zone. It is recommended to wait and see, and make a decision after the subsequent direction is confirmed.