On the graphical framework, $U has not yet left the 16-20 oscillation range, but the two upward movements in the last two days have clearly been too strong. If things go wrong, it might break through this oscillation range, and this speed seems to be faster than I expected.
It could be because the market sentiment has been too good recently. Once it effectively breaks through here, it could lead to another doubling trend.
Additionally, we can see that the trading volume has significantly increased in this price range recently, and many are changing hands. However, the price has remained strong at a high level, and the average cost held across the market is also rising quickly.
So, let's analyze this simply. Who is getting in and who is getting out at this position?
First, the short-term weak hands have basically exited this position, and it has provided a very friendly entry point. Generally, weak hands would abandon their positions when the market cap exceeds ten million dollars, but with the range set between sixteen to twenty million, it makes it harder for weak hands to resist the temptation to sell.
In contrast, the funds that are coming in and changing hands at this position are clearly different from the early PVP weak hands. The community attributes of the funds that have entered are stronger or have a more significant structure, meaning that more sticky and relatively larger players have come in.
You will notice that the funds entering at this stage will be significantly different. The funds entering with over ten million dollars, aside from some community members with strong community attributes, are generally relatively ambitious large holders aiming for over fifty million dollars. Otherwise, for them, the cost-effectiveness of entering at this price level is not appealing.
As for their aesthetic in selecting targets and the events they will be betting on in the future, I believe everyone understands that. Let's see if the community's efforts and the strong secondary funds can resonate to help us achieve the next stage's goals sooner!
Hopefully, our little rabbit 🐰 will keep hopping higher.
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