On the 1-hour chart of a major mainstream token, a subtle technical battle is unfolding. As of the latest data, the price stands at $892.65, with a gain of less than 0.12%. It appears calm on the surface, but undercurrents are surging.

The Bollinger Bands are experiencing convergence—this is a precursor to a potential trend reversal. Currently, the channel width is only $35.87, with the upper band near $898 and the lower band near $864. The entire price is operating around the middle band at $880. This highly compressed formation is like a tightly wound spring, always ready for an explosion.

Looking at the MACD performance is even more interesting. Although the fast line is still below the slow line, the positive histogram is slowly expanding. This asynchronous phenomenon is worth paying attention to—prices are showing signs of movement, but the momentum indicator is still catching up, suggesting the bulls may still be brewing strength.

What about key levels? The recent high of $893 and the upper Bollinger Band at $900 serve as resistance levels, while the middle band at $882 and the lower band at $864 provide support. From the daily chart perspective, breaking above $900 or falling below $864 will determine the general direction for the next week. Now, it’s just waiting for that breakout signal. Short-term traders should keep a close eye on this critical zone.