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.
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ImpermanentSage
· 2h ago
A double bottom needs to break the level; anything else is pointless now.
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ContractFreelancer
· 20h ago
Double bottom? I think this is just retail investors' hope machine... I said the same last time
It's another "break through the resistance level and then take off" story, and I'm already tired of hearing it
For coins like NAORIS, they get excited when they rise, and even more ruthless when they fall. I think I'll stay on the sidelines
I don't really believe in this rebound; it feels like funds are just harvesting the little guys, not a real reversal
If you ask me, no matter how good the technicals look, it's all useless. It still depends on how the whales play it
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¯\_(ツ)_/¯
· 20h ago
It's that same double bottom theory again; many believe in it, but few profit from it.
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NotFinancialAdvice
· 20h ago
Double bottom reversal? Sounds pretty promising, but I have a feeling this might just be another trap to lure in more buyers.
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MEVEye
· 20h ago
Double bottom again, coming with the same routine? I just want to see if it can really break through this time, and not plunge again.
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Ramen_Until_Rich
· 20h ago
It's that same trick again—pump first, then dump. We're just retail investors here to catch the bag.
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FUD_Whisperer
· 21h ago
Double bottom? Buddy, isn't this just the usual trick to trap retail investors? Every time they say there's a reversal signal, and what happens? It drops again.
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.