CIFR Cipher Mining showing textbook double bottom setup. The price action is consolidating around the $15 level, which aligns with a solid volume shelf providing good support. This technical formation suggests potential buyers stepping in at key levels. Worth monitoring how the token behaves at this trendline—if it holds and volume confirmation follows, could signal next leg up. The double bottom pattern combined with volume support makes this an interesting setup to watch on the charts.
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OnchainFortuneTeller
· 12-26 23:57
The 15-dollar support looks solid, but it all depends on whether the subsequent trading volume is strong enough. Otherwise, even a beautiful chart is useless.
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NervousFingers
· 12-26 23:57
A double bottom is only valid if it truly holds above 15. Looking at the chart alone isn't meaningful; we need confirmation from trading volume before trusting it.
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ApeDegen
· 12-26 23:57
Wait, is double bottom really that reliable? I feel like CIFR's recent move is a bit fake... How long can the 15-dollar support hold?
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MainnetDelayedAgain
· 12-26 23:54
Double bottom, huh? According to the database, this set of rhetoric has been circulated in the crypto circle 3847 times. It's been 8 days since someone last said that. It will eventually happen, bro.
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RugDocScientist
· 12-26 23:39
The 15-dollar level is really holding strong here; it all depends on whether we can hold it. If the double bottom breaks, we might need to continue testing lower.
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MEVHunterX
· 12-26 23:28
Double bottom pattern + volume support, the 15-dollar level is indeed quite interesting... The key is whether it can hold steady.
CIFR Cipher Mining showing textbook double bottom setup. The price action is consolidating around the $15 level, which aligns with a solid volume shelf providing good support. This technical formation suggests potential buyers stepping in at key levels. Worth monitoring how the token behaves at this trendline—if it holds and volume confirmation follows, could signal next leg up. The double bottom pattern combined with volume support makes this an interesting setup to watch on the charts.