#baby $BABY
BABY showed weakness on August 2, with the price hitting a new intraday low and a 24-hour decline of 10.5%. Meanwhile, another token, HYPER, surged 22.36%.
Looking ahead one day (August 1), BABY was also in a “rally then fall back” downtrend, when its drop was 8.51%.
From a technical analysis perspective, some believe BABY has already broken through the “descending triangle” pattern on the 4-hour chart and is currently testing multiple support zones. If this test succeeds, a subsequent rebound of 45%-50% may follow; otherwise, if the support fails, there could be further downside risk.
Overall, BABY is in a short-term streak of consecutive declines, and market sentiment is bearish, but there is still a possibility of a technical rebound near key support levels.
BABY showed weakness on August 2, with the price hitting a new intraday low and a 24-hour decline of 10.5%. Meanwhile, another token, HYPER, surged 22.36%.
Looking ahead one day (August 1), BABY was also in a “rally then fall back” downtrend, when its drop was 8.51%.
From a technical analysis perspective, some believe BABY has already broken through the “descending triangle” pattern on the 4-hour chart and is currently testing multiple support zones. If this test succeeds, a subsequent rebound of 45%-50% may follow; otherwise, if the support fails, there could be further downside risk.
Overall, BABY is in a short-term streak of consecutive declines, and market sentiment is bearish, but there is still a possibility of a technical rebound near key support levels.