EGL1's recent market movement is indeed quite interesting. I had been paying close attention before, but after the decline became significant, I lost focus. Unexpectedly, it suddenly surged in the past two days, doubling in value. Is there some positive news behind this rebound? Or is it mainly a shift in market sentiment? Does anyone have insights into recent EGL1 developments? I want to understand whether this rally is a temporary rebound or supported by fundamentals.
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PositionPhobia
· 10h ago
Doubling? Are you sure you didn't calculate it wrong...
For a coin like EGL1, a rebound is just a rebound, don't overthink the fundamentals.
It's both good news and emotional, basically it's the market manipulators pushing the price up.
I just want to know when to exit, so I don't get caught again.
The biggest risk in this kind of market is chasing the high, only to see it fall back to the original point.
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BasementAlchemist
· 10h ago
This has doubled, I'm a bit tempted.
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Mostly just emotions, I haven't heard any major good news.
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I usually sell during this kind of rebound, afraid it’s just a pullback.
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Damn, it really doubled? Why didn't I see the news?
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Can you clarify which good news it is? It feels a bit fake.
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Just a rebound, don't overthink it.
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Falling so much and suddenly doubling, someone must be eating up the supply.
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Fundamentals? Does EGL1 have any fundamentals? Haha.
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I'm also watching, just didn't dare to jump in.
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Wait, don't rush. We need to see how this kind of candlestick pattern develops later.
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SatoshiHeir
· 10h ago
Doubling? Well, it should be pointed out that this rebound is very likely just a dead cat bounce. On-chain data shows there is no substantial positive support.
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Based on the logic of the white paper, market sentiment ≠ value consensus. Don’t be fooled by the K-line.
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Laughs, chasing after the ups and downs again. I advise you all to return to technical fundamentals and think about the underlying factors.
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Want to figure it out? First look at the changes in on-chain addresses, don’t just watch the price dance.
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This wave of rebound smells too much like retail investors getting caught, clearly just a game of capital.
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Undoubtedly, without substantial positive news, chasing is risky. This mindset is problematic.
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According to historical data, nine out of ten rebounds of this kind are temporary. Wake up, everyone.
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To put it poetically: bubbles will always burst, but truth is eternal. EGL1 doesn’t have that value yet.
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It should be pointed out that the on-chain data you cannot see is the real answer, not emotions.
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NFTPessimist
· 10h ago
Doubling? Let's wait and see. I've seen many such rebounds.
It's mainly retail investors' emotional speculation, nothing fundamental.
It's the same old trick, why does it keep happening?
EGL1... I'm still pessimistic about this.
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ruggedNotShrugged
· 10h ago
Doubling? I didn't see it. Did you look at the wrong candlestick, buddy?
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RugDocScientist
· 10h ago
Doubling? Damn, why didn't I buy the dip?
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It's mainly about emotions. I haven't heard any good news.
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I never believe in this kind of rebound; it's always the last wave of harvesting before the whales dump.
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Supporting fundamentals? That's a joke, it's purely a capital game.
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Want to figure it out? Wait for half of the pullback, and you'll know haha.
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Why was there no movement before, and now suddenly a rally? Think carefully, it's terrifying.
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It's the same old trick, trapping people first and then dumping.
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Hey, wait a minute, could there really be a big event this time?
EGL1's recent market movement is indeed quite interesting. I had been paying close attention before, but after the decline became significant, I lost focus. Unexpectedly, it suddenly surged in the past two days, doubling in value. Is there some positive news behind this rebound? Or is it mainly a shift in market sentiment? Does anyone have insights into recent EGL1 developments? I want to understand whether this rally is a temporary rebound or supported by fundamentals.