SHIB and PEPE are both close to the upper bound of the past 24 hours—don’t treat them as the same strength yet.
In this single USDT market snapshot, both are trading at roughly 88% of their respective 24-hour high/low range; however, the amount by which the current price exceeds the成交加权均价 (volume-weighted average price) is about 3.5% for SHIB and about 2.5% for PEPE.
My view: the fact that their range positions are the same only means both are nearing their respective upper bounds. You can’t use that to pick which will be stronger later. To compare them, track separately: (1) how far each is from the upper bound of its range, and (2) how far each is from this period’s weighted average price. When the gaps in these two measures widen, don’t lump them into the same category.
This is only a snapshot—there’s no order within the trading session. If, next time, the range position or the weighted-average-price offset for either changes, this judgment needs to be recalculated. For self-checking, copy down each coin’s current price, its 24-hour high/low points, and its volume-weighted average price, and then compute the two distances separately.
In this single USDT market snapshot, both are trading at roughly 88% of their respective 24-hour high/low range; however, the amount by which the current price exceeds the成交加权均价 (volume-weighted average price) is about 3.5% for SHIB and about 2.5% for PEPE.
My view: the fact that their range positions are the same only means both are nearing their respective upper bounds. You can’t use that to pick which will be stronger later. To compare them, track separately: (1) how far each is from the upper bound of its range, and (2) how far each is from this period’s weighted average price. When the gaps in these two measures widen, don’t lump them into the same category.
This is only a snapshot—there’s no order within the trading session. If, next time, the range position or the weighted-average-price offset for either changes, this judgment needs to be recalculated. For self-checking, copy down each coin’s current price, its 24-hour high/low points, and its volume-weighted average price, and then compute the two distances separately.