The privacy coin's evening trend requires close attention. Currently, the midline of the box has been broken. Until it can regain above the midline, we can only observe a sideways downward movement. The key technical judgment is that only when it recovers above the midline can it possibly turn to a sideways upward trend—that is the core analysis. If the box does not break below, the price will oscillate around the lower boundary of 2936-2900.

Once the support of the box is broken, a genuine decline can unfold. On the hourly level, the highs are continuously decreasing, and no lower lows have appeared yet. But caution is needed: if the correction breaks below 2886 and a new low forms, a waterfall-like decline may occur.

In terms of specific levels, breaking through 2945 can be considered a long entry, with a focus on volume changes. Standing firm above 2955 on the hourly chart is the foundation for an upward move, with targets at 2988-3019. However, if it hovers below 2955, it will be difficult to rally.

On the 4-hour chart, 2908 is a critical support line. If broken, the next support levels are 2859-2790. It’s important to note that even if it drops to 2859, support may not hold.

The core support on the daily chart for this wave is at 2821—if this level is not broken, the bullish trend remains intact. Once the daily close drops below 2821, the bullish trend will be broken, and where it can fall to next is unpredictable. Everyone must closely monitor the 2821 support line on the daily chart.