116

Contract Quant Briefing #116｜Bullishness is still strong, but the higher we go the harder it feels to chase—I’d rather wait for a pullback and confirmation

First, let’s get the order book straight: the overall trend is still bullish, not a sudden reversal. However, in the short list, the first few names have already gained 20%+ within a few days, and they’re no longer close to the short-term moving averages. Chasing at this level usually doesn’t have good odds. Funding rates are mostly not expensive, and even slightly negative—this suggests it’s not just long overcrowding getting blown out at the top. More like an acceleration phase within a strong move. So I’m not in a hurry to flip short on direction, but on execution I will replace “chase the breakout” with “wait for confirmation.”

Top Candidates

1) DODOX
Current price around 0.02087, up about +28.6% today. In the next 6 hours, it still has roughly +10% left. It’s about 6.8% away from the 20 MA. The 1-hour open interest is still rising and the funding is slightly negative; momentum hasn’t completely died yet, but it no longer looks like a low-level launch.
Observation zone: 0.0198–0.0205 (pullback digestion area; closer to the short MAs feels better)
Trigger condition: after the pullback, it stabilizes within the observation zone, the 1-hour candle reclaims above 0.02015, and volume/momentum doesn’t collapse
Invalidation condition: a valid drop below 0.0192, or the pullback immediately turns into a bearish slide with a volume breakdown
I’d rather wait for it to come back into the observation zone before watching closely. At this price, I don’t want to buy by chasing.

2) ZAMA
Current price around 0.04875, up about +22.9% today. 6 hours +12%. Roughly 9.5% away from the 20 MA—more “sparkly” than DODOX. The 1-hour open interest is surging hard, with higher short-term heat, and it’s also easier for it to sweep up and down.
Observation zone: 0.0466–0.0480
Trigger condition: after pulling back to the observation zone, it stops falling; then it stands back above 0.0473—ideally with decreasing volume as it stabilizes rather than continuing a straight-line rally
Invalidation condition: breaks below 0.0454, or a high-to-low reversal that breaks the 1-hour structure
I place this coin after DODOX: it’s hot—truly hot—but the location is more selective. If I miss it, I miss it; I won’t buy at the wrong price just to compensate.

Secondary to watch: AKE — the surge and distance from the MA are more restrained, but the 1-hour open interest is dropping, more like a follower impulse. Not expanding on it now—no chase.

Risk Warning
A pullback from a high doesn’t mean it will definitely rally again. False breakouts and stop-sweeps are common. Only trade the plan-based triggers, strictly control position size and leverage. If it fails, exit decisively—don’t argue with the market.
Data as of 07-23 09:16 (UTC+8). Intraday changes are fast—use live market data as the reference.

In one sentence: a sideways continuation can be traded, but my stance today is very clear—I only buy pullback confirmation, not half-in-the-air acceleration.

We're tracking the latest trends in the crypto space, and according to CoinGecko, several tokens are gaining attention 🚀. Our community is interested in staying up-to-date on the market's latest developments. We're seeing a mix of established and new tokens on the list, with Litecoin (LTC) and Gram (GRAM) being among the top-ranked.

We're looking at tokens like Pudgy Penguins (PENGU) and Virtuals Protocol (VIRTUAL), which are ranked #118 and #116, respectively. Other tokens, such as LAB (LAB) and Cash Cat (CASHCAT), are also trending, despite being ranked lower at #394 and #408.

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$BANK , $TLM , $ESPORTS

Those who only watch the gainers’ leaderboard are often beginners; “smart money” tends to look for structural opportunities amid the ruins after a 90% drop.

Take a look at the current `$PENGU `. It’s already pulled back nearly 91% from its ATH. Over the past month, it’s been cutting slowly with a dull knife—repeatedly taking losses between $0.0057 and $0.007. Today, it just bounced up 7%. With a market cap of $380M ranking at #116, alongside a $60M 24h trading volume, it shows that liquidity in the tape is still abundant and the market hasn’t completely abandoned it.

As an asset with top-tier IP attributes and Binance contract liquidity, the current setup for `$PENGU ` is quite interesting. A year-long grind lower (-79%) has washed out a large amount of floating supply, and the steady, million-dollar-level turnover at the bottom suggests that capital is probing. Once market money rotates into IP-related narratives, the risk-reward ratio for it becomes extremely attractive.

But don’t rush into it. On the bigger picture, `$PENGU ` is still within a descending channel. If subsequent volume can’t keep up and the rebound keeps failing to hold above the prior key resistance zone at $0.0065, then today’s move is very likely just a dead-cat bounce liquidity grab—and a second dip could happen at any time.

In the cycle of rotation, the most valuable buy points often make people feel profoundly uneasy. When facing this extremely oversold top consensus, would you rather patiently observe its bottoming structure—or continue PvP fighting on-chain?

We're excited to share the latest trending tokens with our community. According to CoinGecko, tokens like Derive (DRV) and Concordium (CCD) are gaining attention 🚀.

We're seeing significant interest in Pudgy Penguins (PENGU), Pi Network (PI), and ADI (ADI), with market cap ranks of #116, #78, and #72 respectively. Other notable mentions include LAB (LAB) at #250 and Cash Cat (CASHCAT) at #188. These tokens are making waves, with some experiencing notable % changes.

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$ZBT , $UTK, $TRIA

Pudgy Penguins isn't just another NFT project — it’s a cultural movement turning cute profile pictures into a global brand. 🐧

With over 100 billion views and major companies proudly wearing the Penguin, Pudgy Penguins has bridged the gap between Web3 natives and mainstream culture like no other. Now, the PENGU token acts as the "social currency" for this massive community, letting holders participate in the ecosystem's growth beyond just holding a JPEG. Currently ranked #116 by market cap with a $398M valuation, PENGU shows serious staying power in a volatile market. The 2.4% price uptick today reflects growing confidence in their IP expansion — from toys in Walmart to ETF commercials. For beginners, this is a masterclass in how strong community and real-world branding drive long-term crypto value. It proves utility isn't just tech; it's culture.

#PudgyPenguins #Web3Culture

Do you think cultural relevance is becoming more important than technology for a token's success?

We're excited to share the latest trending tokens with our community 🚀. According to CoinGecko, tokens like Humanity (H) and Bittensor (TAO) are gaining attention.

We're seeing significant market cap rankings, with Backpack (BP) at #264 and Pudgy Penguins (PENGU) at #116. Other notable tokens include Siren (SIREN) and Stargate Finance (STG), with Velvet (VELVET) also making the list 💡.

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$OPG , $SYN , $H

We're excited to share the latest trending tokens with our community, sourced from CoinGecko. Our focus is on the top-performing tokens that are making waves in the market. We're seeing a mix of established players and newcomers, all vying for attention from investors and traders.

We're looking at tokens like Pudgy Penguins (PENGU), Siren (SIREN), and Backpack (BP), which are gaining traction despite being ranked #116, #506, and #253 in market capitalization, respectively. On the other hand, established tokens like Bitcoin (BTC) and Solana (SOL) continue to hold strong, ranked #1 and #7. Other notable mentions include SpaceX xStock (SPCXX) and Bittensor (TAO), with changes of -2.1% and 1.5% in the last 24 hours.

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$BANANAS31 , $ADX , $EVAA

We're excited to share the latest trending tokens with our community, based on data from CoinGecko. Our focus is on the top-performing tokens, and we're seeing some interesting movements in the market. We're tracking tokens like Siren (SIREN) and SpaceX xStock (SPCXX), which may offer potential opportunities for growth.

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$BANANAS31 , $CHIP , $EVAA

We're tracking the latest trends on CoinGecko, where several tokens are making waves. Our community is excited to see SpaceX xStock (SPCXX) and Velvet (VELVET) gaining traction.
We're seeing notable market cap rankings, with Bittensor (TAO) at #42 and NEAR Protocol (NEAR) at #39 🚀.
We're also watching Siren (SIREN), Pudgy Penguins (PENGU), and Venice Token (VVV), which are ranked #288, #116, and #79 respectively 💡. We're analyzing these trends to understand the market, and we're optimistic about the future of these tokens 📈. We're looking forward to seeing how they perform in the coming days, and we're expecting some exciting developments 🤑.

$RIF , $NOT , $JCT

We're taking a look at the latest trending tokens on CoinGecko, with Siren and Collector Crypt making the list 🚀. Our community is eager to stay up-to-date on the latest market movements.

We're seeing a mix of established and newer tokens, including Pudgy Penguins, Venice Token, and Bittensor, which are currently ranked #116, #85, and #41 respectively. Bitcoin, ranked #1, and Avalanche, ranked #38, are also trending, with their market capitalization rankings reflecting their popularity.

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$RE , $HEI , $HEI