Recently, the market has been quite interesting. Today’s contract trend can be described with one word—"tug-of-war." The price has been oscillating within an extremely narrow range, neither bulls nor bears gaining an advantage. The market seems to be waiting for a key signal to break this stalemate.

From a candlestick perspective, the price is basically stuck tightly between $0.0088 and $0.0090, closing at $0.0089. There was a brief surge attempt to break through $0.0091, but trading volume was clearly insufficient, and it eventually pulled back. This "high open, low close" pattern is consistent with the performance of other altcoins during the same period—showing little strength.

The support level at $0.0088 is very critical. I counted several tests today, but each time it was blocked, indicating that there are indeed buyers stepping in at this level. Conversely, the resistance at $0.0090 is also like a fortress, making it difficult to break through in the short term.

As for technical signals, they are somewhat ambiguous:

The moving averages (20, 50, 100, 200 days) are intertwined, but their arrangement still appears slightly bullish, suggesting that the long-term trend may not be fundamentally broken yet.

The RSI indicator fluctuates around the 50 level, neither overbought nor oversold, indicating a wait-and-see stance. The momentum indicators are basically neutral.

In short, neither bulls nor bears are making big moves right now. Anyone wanting to act will need to put some real money on the line to force a breakthrough.