#美SEC推动加密创新监管 The trend of this Token is quite tough. It dropped from 1.995 all the way to 1.360, and now it has rebounded slightly to around 1.410, but the moving average pressure is obvious. The moving averages in a short positions arrangement are like barriers, with the price being pushed back each time it tests.

In simple terms, this is a typical trend decline. The earlier rise was riding on emotions, and now that the hype has faded, the true form is revealed. Looking at the technical aspect, the MACD has already crossed downwards, and the trading volume has shrunk significantly—what does this indicate? Retail investors are struggling to support, while the main players have already withdrawn during the rebound.

Current position 1.410 is just stuck in the downward pressure zone, and this position is quite delicate. If you are bearish on the market, this is indeed a point to observe. However, you need to pay attention to risk control: if the price rises above 1.43, there may be a false breakout; if it truly breaks below 1.35, the next support may be at 1.30.

The cryptocurrency market is highly volatile, and technical analysis is just one of the reference dimensions. Coins with strong herd behavior like $M often fall faster than they rise once the sentiment retreats. Investment requires caution; don't chase highs and don't blindly bottom fish. Once a market trend is established, it is difficult to reverse in the short term, so maintaining calm judgment is more important than anything else.