$CASHCAT This surge this round from $0.039 to $0.1135—I'm inclined to read it as the second phase of the market, not just a one-off oversold rebound. But for that judgment to hold, we need to look at the trading volume over the next few days, not just the size of the K-line move.
The figure of +1412% over 30 days looks wild, but its source is too far back to have much reference value. What’s truly convincing is the volume: from the 4th to the 6th, trading volume rose steadily from $4.13M to $45.45M, with price climbing in sync. This isn’t a spike from a single giant bullish candle—it’s more like capital continuously accumulating positions. Together with the $112M market cap and the ranking of
#246 , the volume is already close to about 40% of the market cap, suggesting the participating capital is still active in turnover—though it also implies the capital is more short-term in nature, and patience isn’t a default assumption.
The risk is just as straightforward: the current price is still -50% below the ATH, and in the $0.1–$0.2 range there are floating-loss positions from the massive entry volume of $147M on July 9. The higher the price goes, the closer those players get to breaking even, and sell pressure could surface at any moment.
The conditions under which this view fails are very specific: within the next 48 hours, if the trading volume drops back below 20M and the price breaks below $0.09, then it’s basically the July playbook all over again—not the second phase. The data are all right here; it’s suitable to track and verify on your own, with no need to rush into picking a side.