$MUON Does this price trend look like it’s drawing a converging triangle? The amplitude has shrunk from last week’s ±8% down to the current ±2%, and the trading volume is also stepping down level by level. The $1.45M trading volume is down by almost half compared to three days ago. The market is waiting for a direction—both bulls and bears are holding their breath.
On-chain, though, there’s something interesting. Over the past two days, a few dormant addresses have been active, moving a few thousand coins to exchanges. It’s not huge in amount, but the frequency has increased. In the community there isn’t much talk—sentiment is cold, and the funding rate is hovering near the zero line, which suggests leveraged capital hasn’t really moved in. In this kind of situation, it’s actually worth keeping an eye on it: wait for the volume to pick up again, and the direction will become clear.
To put it plainly, $MUON right now is capital “drawing a gate”—don’t get led by a single line. For short-term traders doing range-bound moves, you can watch the upper and lower edges of the range. For swing trades, wait for a confirmed breakout before making a move. $MUON #行情分析 #On-chain data
On-chain, though, there’s something interesting. Over the past two days, a few dormant addresses have been active, moving a few thousand coins to exchanges. It’s not huge in amount, but the frequency has increased. In the community there isn’t much talk—sentiment is cold, and the funding rate is hovering near the zero line, which suggests leveraged capital hasn’t really moved in. In this kind of situation, it’s actually worth keeping an eye on it: wait for the volume to pick up again, and the direction will become clear.
To put it plainly, $MUON right now is capital “drawing a gate”—don’t get led by a single line. For short-term traders doing range-bound moves, you can watch the upper and lower edges of the range. For swing trades, wait for a confirmed breakout before making a move. $MUON #行情分析 #On-chain data