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NAORIS's recent market movement is indeed quite interesting. Starting last night, it surged all the way up, with the price nearly tripling in a short period of time—truly a fierce momentum. However, the good times didn't last long; after hitting a peak, the price turned downward sharply, with a significant decline that almost wiped out all the previous gains.
What is the current situation? The 1-hour chart has already formed a double bottom pattern. The first bottom is in place, and the second bottom has just been established, with the price now pushing upward. From a technical perspective, this double bottom pattern usually indicates a reversal signal—if the price can effectively break through the intermediate resistance level, there is still room for further upward movement.
Many traders are paying attention to this rebound, as opportunities from the bottom always attract considerable attention. The next move depends on whether the price can hold this level. If successful, NAORIS may usher in a new wave of upward trend.