📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
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Recently, the crypto market has experienced a significant pullback. The 4-hour chart shows that the price once fell below the middle band and even reached the lower band support level. However, the market has demonstrated strong resilience at critical levels, rebounding to recover some lost ground, highlighting the solid support from buyers below.
This pullback is actually a necessary path for the healthy development of the market. Firstly, it provides early investors with the opportunity to take profits; secondly, this adjustment serves as a necessary period of rest in the upward trend, helping to digest the accumulated selling pressure while correcting overbought technical indicators such as KDJ and RSI. This process is an important component of the "breakthrough-adjustment-rebreakthrough" cycle.
Analysts suggest that investors do not need to overinterpret this pullback. As long as the lower band support remains effective, the market is likely to regain upward momentum after experiencing a period of consolidation. The current adjustment provides a good entry opportunity for investors, but caution is still advised, and close attention should be paid to market movements.
Overall, although there may continue to be fluctuations in the short term, as long as there are no significant changes in the fundamentals, the market's long-term upward trend remains intact. Investors should remain rational and seize potential investment opportunities under the premise of manageable risks.