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BLUAI started at 1.5392 and rose all the way up, reaching a high of 1.6965, with the bulls appearing to be full of momentum. However, the market suddenly reversed, and the price plummeted straight down to around 0.005, with a maximum decline of 99.7%. The current price has already broken below the upward trend's trailing stop line at 1.6273, and the bears are now in full control.
The MACD indicator has formed a death cross and has been declining ever since, which is a clear signal of trend reversal. This is not simply a normal correction but a complete collapse of the entire trend structure. The bulls' defensive line has been breached, and caution should be exercised regarding subsequent risks.