$Lobster dumped 29.13% in 24 hours, sliding from 0.04858 all the way to 0.03102, with trading volume still at 129.9M.
This is a high-volume decline. With volume at 129.9M amid a drop this steep, it suggests this isn't small retail investors rushing for the exits—someone is actively distributing or dumping. But here's the key signal: the price is already hovering near the 24-hour low of 0.03102, yet trading volume hasn't contracted noticeably. Usually, after panic selling runs its course, volume drops off quickly. We haven't seen that yet.
My take: if volume at 129.9M can't fall below 80M over the next two hours, $Lobster will most likely test lower again. The 0.031 level isn't the bottom—it's a point to watch. What really matters is a turn in volume, not a price rebound.
Buying the dip here means betting that volume will dry up quickly. I don't think the odds are great. Wait.
This is a high-volume decline. With volume at 129.9M amid a drop this steep, it suggests this isn't small retail investors rushing for the exits—someone is actively distributing or dumping. But here's the key signal: the price is already hovering near the 24-hour low of 0.03102, yet trading volume hasn't contracted noticeably. Usually, after panic selling runs its course, volume drops off quickly. We haven't seen that yet.
My take: if volume at 129.9M can't fall below 80M over the next two hours, $Lobster will most likely test lower again. The 0.031 level isn't the bottom—it's a point to watch. What really matters is a turn in volume, not a price rebound.
Buying the dip here means betting that volume will dry up quickly. I don't think the odds are great. Wait.