Post

爷爷爱互动
爷爷爱互动
Show original
Hello everyone, I am your uncle! $ICX Intraday increase of 18.20%, current price 0.01422. This asset had been steadily declining before, hitting a low of 0.00876, long ignored by the market, but today it suddenly experienced a violent rebound. Despite the fierce single-day rise, the RSI has just returned to around 50 and hasn't directly entered overbought territory, indicating this rebound has just started and is not the end of a short-term speculative spike. But don't forget the high historical peak at 0.07643 above, where a massive amount of deeply trapped chips are piled up, making it extremely difficult to recover directly. This is a pulse recovery of an oversold old coin. The long decline previously weeded out most retail investors, allowing chips to settle sufficiently, so a small amount of capital can pull out a big bullish candle. The MACD has just formed a golden cross turning red, and all short-term moving averages are turning upward, with short-term bulls regaining control. But be clear, this is just a recovery after overselling, not a complete reversal of the major trend. 0.00876 is the life-or-death bottom for this round; if it holds, the rebound structure can continue, but if it falls back, it will return to the old path of steady decline. Many people see the big bullish candle and think the hard times are over, fantasizing about directly replicating past highs. Rebounds after long-term weakness in old altcoins are mostly phase-based; sustainability depends on whether subsequent funds continue to enter. Don't go all in recklessly; after a pulse rise, a pullback and shakeout can come at any time, so don't chase at the pulse's peak. #VolatilityRadar: Coin anomaly observation $ICX

Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more

Replies

No comments yet. Be the first to reply!