My intuition is that this rally isn’t just a short-term bounce, but one piece of data needs to confirm that: whether trading volume can continue to expand. From the September low of $0.0365 to the current $0.0613, the price has risen about 67%, but the 30-day gain is only 27.8%, which suggests most of the gains have come in the past few days. Notably, on October 11, trading volume surged to $27.42M, the highest in the past 30 days, and the price also climbed above $0.06. However, the ATH is still above $0.14, and the current price remains 56% below it, meaning holders looking to break even at higher prices won’t be quick to sell. What are investors trading on? Possibly an AI-related narrative, but with a market cap ranking of
#255 and a market cap of $122M, it’s a relatively small asset and prone to volatility. What matters more to me is whether this rally can attract sustained liquidity or whether it’s just a short-term burst of concentrated buying. It’s up 23.64% over 24 hours and 39.39% over 7 days, but only 27.87% over 30 days. This pattern looks more like a burst of acceleration than a steady bull run. The risk is that if volume fades or the price breaks below $0.0495 (today’s low) and the $0.052 support level, this rebound will quickly lose its significance. My view is just a low-probability opening scenario: if volume stays above $20M tomorrow and the price holds $0.055, the move may have room to continue; otherwise, treat it as an uninspired spike. Testing the thesis matters more than taking sides.