Biaoqing Price Plunges, Bulls Aim for Breakout

標清價格暴跌，多頭瞄準突破

The Biaoqing (BIAO) price has dropped 12% in the past 24 hours, reaching $0.0193 at 01:34 AM EST. However, its trading volume has surged 58% to $5.1 million.

標清 (BIAO) 價格在過去 24 小時內下跌了 12%，美國東部時間凌晨 01:34 跌至 0.0193 美元。然而，其交易量卻猛增 58% 至 510 萬美元。

Historical Performance and Pattern Analysis

歷史表現與模式分析

Since its launch on the Ethereum blockchain, BIAO has experienced a remarkable 169% surge, earning the moniker "Pepe of China." Notably, the price has recently been contained within a falling wedge pattern.

自從在以太坊區塊鏈上線以來，BIAO 的漲幅達到了 169%，贏得了「中國佩佩」的美譽。值得注意的是，價格最近被包含在下降楔形模式內。

The bulls are reportedly using the $0.016 support level to mount a breakout attempt from the wedge's lower boundary. Despite this, BIAO remains below both the 50-day and 200-day Simple Moving Averages (SMAs), which act as resistance at $0.023 and $0.029, respectively.

據報道，多頭正在利用 0.016 美元的支撐位嘗試突破楔形下限。儘管如此，BIAO 仍低於 50 日和 200 日簡單移動平均線 (SMA)，分別為 0.023 美元和 0.029 美元的阻力位。

Bullish Momentum Building

看漲勢頭增強

The Relative Strength Index (RSI) suggests that buying pressure is building. The RSI has risen from oversold levels and is approaching the 50-midline level, currently at 41.

相對強弱指數（RSI）顯示購買壓力正在形成。 RSI 已從超賣水平上升，接近 50 中線水平，目前為 41。

Bullish Target and Bearish Scenario

看漲目標和看跌情景

Analysts believe that the bulls could utilize the falling wedge pattern to drive BIAO upwards, targeting $0.050. However, if the bears successfully maintain pressure within the wedge's lower boundary, BIAO may experience further retracement, potentially reaching the $0.0134 support zone.

分析師認為，多頭可以利用下降楔形模式推動 BIAO 上漲，目標為 0.050 美元。然而，如果空頭成功地將壓力維持在楔形下限內，BIAO 可能會經歷進一步回調，有可能觸及 0.0134 美元的支撐區域。