DUSK's contract chart recently fell into a strange deadlock. The price is stuck tightly between $0.322 and $0.335, with no clear direction for over 48 hours. Both bulls and bears are repeatedly tugging within this tiny less than 4% range, and neither side wants to be the first to move.
From a candlestick technical perspective, the problem lies in the severe divergence of indicators. The 4-hour Bollinger Bands have contracted to the limit, with the bandwidth being over 40% narrower than three days ago, which usually indicates a big move is imminent. But strangely, the MACD stubbornly clings below the zero line, with almost no red bars visible, and the momentum is extremely weak. This contradictory situation actually reflects the true market sentiment — investors are both eager to buy the dip and afraid of missing out, worried about being washed out but unwilling to miss a potential breakout.
Even more interesting is the trick revealed by the order book. Although the price hasn't moved much, the order book data tells a story: sell orders above $0.335 are continuously stacking up, forming a clear resistance wall; meanwhile, the buy support below $0.322 appears relatively thin. This imbalance suggests that the bears seem to hold more initiative.
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NoodlesOrTokens
· 9h ago
The Bollinger Bands are at their limit, and still can't move. This deadlock is really intense.
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NFTArchaeologist
· 9h ago
When the Bollinger Bands contract to the extreme, it's about to explode. How many times has this trick been played, yet it's still hard to see through.
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GraphGuru
· 9h ago
The Bollinger Bands are shrinking to the extreme with weak momentum, this is a classic setup for a bullish trap. The bearish wall has long been tired of watching.
DUSK's contract chart recently fell into a strange deadlock. The price is stuck tightly between $0.322 and $0.335, with no clear direction for over 48 hours. Both bulls and bears are repeatedly tugging within this tiny less than 4% range, and neither side wants to be the first to move.
From a candlestick technical perspective, the problem lies in the severe divergence of indicators. The 4-hour Bollinger Bands have contracted to the limit, with the bandwidth being over 40% narrower than three days ago, which usually indicates a big move is imminent. But strangely, the MACD stubbornly clings below the zero line, with almost no red bars visible, and the momentum is extremely weak. This contradictory situation actually reflects the true market sentiment — investors are both eager to buy the dip and afraid of missing out, worried about being washed out but unwilling to miss a potential breakout.
Even more interesting is the trick revealed by the order book. Although the price hasn't moved much, the order book data tells a story: sell orders above $0.335 are continuously stacking up, forming a clear resistance wall; meanwhile, the buy support below $0.322 appears relatively thin. This imbalance suggests that the bears seem to hold more initiative.