- The auction can be rally for $ 76 and $ 93 next time.
- In the warm -chain metrics, the token has blinked the distribution trend.
The bounce has increased by 140.89% since last Saturday. At the time of writing, the token traded for $ 60.3 and the 24 -hour trading volume was quite high. In fact, according to data from CoinmarketCap, the daily amount is $ 13.3 billion. The market capitalization amounted to $ 398.4 million, with MCAP mass 335%.
This seemed to be extremely optimistic in the short term. The price was $ 70.44, less than 17% at a record high.
So the question is -Do the holder get profit now or wait for more profits?
Greed and FOMO should not take advantage now.
Source: TradingView auction/USDT
According to the daily price chart, trading volume has been increasing since February. Even though it surpassed the amount of size from November to December and the price was higher, it maintained its benefits.
The money flow index was at 97 during this period, and the second highest level after the 98 value was posted in July 2023. The price of the auction can now be a good opportunity to make a profit by throwing a stone from the best ever.
Source: Santiment
Another good reason for profit was illuminated by Santiment MetRics. The supply of whales has decreased since mid -February. This suggests that whale holding is in the distribution stage.
The average coin era tends to be south from February. They emphasized the entire network of the network together. The decrease in whale supply means that larger market participants are gaining profits using meetings.
The MVRV ratio on the 30th was 92.98%, the highest since December 2023. This suggests that short -term auction holders are high on average. This can be at least a good time to benefit at least in part.
Source: TradingView auction/USDT
For the auction holder who decided HODL, the level of fibonacci expansion showed that the next goal is $ 76.23. In addition, 100% Fibonaki returned to the level of $ 93.25 would be the next goal.
These goals can be achieved. The market cap of the project was only $ 440 million. But in the case of the overall market, especially for small Altcoin, profit can be a cautious measure for investors.
Recently, new buyers have gained profits due to rapid profits, but FOMO may be bad. Especially since the MFI ordered the market excessively.