Biaoqing Price Plunges, Bulls Aim for Breakout

标清价格暴跌，多头瞄准突破

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.

标清 (BIAO) 价格在过去 24 小时内下跌了 12%，于美国东部时间凌晨 01:34 跌至 0.0193 美元。然而，其交易量却猛增 58% 至 510 万美元。

Historical Performance and Pattern Analysis

历史表现和模式分析

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.

自在以太坊区块链上线以来，BIAO 的涨幅达到了 169%，赢得了“中国佩佩”的美誉。值得注意的是，价格最近被包含在下降楔形模式内。

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.

据报道，多头正在利用 0.016 美元的支撑位尝试突破楔形下限。尽管如此，BIAO 仍低于 50 日和 200 日简单移动平均线 (SMA)，分别为 0.023 美元和 0.029 美元的阻力位。

Bullish Momentum Building

看涨势头增强

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.

相对强弱指数（RSI）表明购买压力正在形成。 RSI 已从超卖水平上升，接近 50 中线水平，目前为 41。

Bullish Target and Bearish Scenario

看涨目标和看跌情景

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.

分析师认为，多头可以利用下降楔形模式推动 BIAO 上涨，目标为 0.050 美元。然而，如果空头成功地将压力维持在楔形下限内，BIAO 可能会经历进一步回调，有可能触及 0.0134 美元的支撑区域。