$USUAL shares some views on the sideways fluctuations over the past three days. If there are differing opinions, I ask the experts to be lenient in their words.
First, it can be confirmed that the low level of $1 seems to exhibit a strong support force. Every time it breaks $1, it rebounds 5-15 points. Currently, it is still uncertain whether this force is due to the manipulation of big players or the psychological lower limit of retail investors. However, based on several rebounds, this force indicates that the overall market sentiment towards the coin's rise remains positive. Combined with the current official TVL and the comparison of long and short positions, it can be expected that there is still room for upward movement in the short term. However, when this wave of increase will come still needs to be observed patiently.
Secondly, I have noticed that there have been trading bots frequently selling since I started tracking and studying the trend of this coin a long time ago. Currently, I tend to believe that there are big players accumulating at low prices. Each time the trading bots are activated, I noticed that the price indeed successfully drops, but at the same time, it seems that while the trading bots are enticing selling, they are also buying significantly. Some people may observe that recent trading data shows a decrease in large orders and an increase in small orders. However, a powerful big player is likely to use trading bots to conceal their trading strategies. From the overall increase in the holding ratio of several major holders on-chain, it may validate the speculation of low-price accumulation. Of course, the actual situation is still just speculation, and each friend should make their own judgment.
Thirdly, regarding whether there will be a rebound and when it will happen, I believe everyone is quite sensitive. A possible upcoming time point is the day after tomorrow, which is the Christmas holiday. Foreigners are likely to experience a similar market closure phenomenon as during Thanksgiving. This may lead to a repeat of the overall market slump, or it may not. Considering the performance of this coin during the last slump, if I must say the opportunity for a rise in the near future, I tend to think that Christmas is the closest opportunity for this coin to rise. Before that, it may be in a sideways phase. Of course, this is just my personal superficial opinion. During this period, I advise short-sellers to take profits and not be greedy. The same goes for long positions. In the stock market, any possibility exists, so please pay attention to your own trading strategies.