In trading, many people like to separate fundamentals, news, and technicals, but I actually prefer to view fundamentals and technicals as two perspectives of the same thing.

If a project is truly solid and the product is genuinely delivered, you will see this directly in the technicals — the long-term moving averages are consistently moving upwards, and the price oscillates upward along the moving averages. This is the result of the market continuously digesting the value.

For example, in this bull market, $SUI and $HYPE, if the foundation of the project is not strong, no matter how well the technicals are drawn, they are just a facade. If the long-term moving averages do not form a spiral structure, the entire trend will be chaotic.

As for the news aspect, it actually reflects those short-term fluctuations on the K-line. News can make the price move further away from the moving averages or closer, but it cannot change the direction of the long-term moving averages because they are driven by fundamentals.

$TON is a very typical example: there are a lot of positive news, but the trend just cannot pick up. Either the fundamentals have hidden risks, or the moving averages have not finished adjusting. As long as the moving averages do not turn, no amount of news will help.

So the core points are two:

1. Fundamentals determine whether it can rise long-term.

2. Moving averages reflect how far it has risen now.

The news aspect merely makes the story louder, but it cannot change the direction of the plot. Therefore, many times do not look at a coin having excellent news and think it will behave a certain way; the news aspect can only determine short-term movements and cannot change the larger trend direction.