Let me offer a different take: $OGN saw $1 billion in single-day perpetual futures volume but rose only 14%—I’m not convinced by that volume-price mismatch.
$PYTH , in the same sector, followed with a 10% gain. The narrative is a DeFi/oracle revival, but open interest hasn’t grown much. Rallies on this kind of low volume usually don’t go far.
It may not be genuinely strong—let’s pour some cold water on it first. Come prove me wrong in the comments 🤝
#PYTH
$PYTH , in the same sector, followed with a 10% gain. The narrative is a DeFi/oracle revival, but open interest hasn’t grown much. Rallies on this kind of low volume usually don’t go far.
It may not be genuinely strong—let’s pour some cold water on it first. Come prove me wrong in the comments 🤝
#PYTH