AVAX: up 9.53% over 24 hours, down 4.50% over nine. Both can be true.
I compared the same Binance spot AVAX/USDT close, 9.640 at September 20's 08:59 UTC cutoff, with two different starting points.
At September 19's 08:59 UTC close, AVAX was 8.801. From there to 9.640 is a 9.53% gain over exactly 24 hours.
At September 19's 23:59 UTC daily close, it was 10.094. From that later reference to the same 9.640 is a 4.50% decline over nine hours.
The endpoint hasn't changed. The starting price has. A green 24-hour number can coexist with a pullback from the previous daily close, because the longer window still includes the earlier rise.
That's why I want the starting time beside a percentage before calling a move strong or weak. Comparing one token over 24 hours with another since midnight can turn a timing difference into an apparent performance gap.
These are fixed comparisons between completed candles, not a live ticker reading. The open 09:00 UTC hour is excluded. Neither percentage, by itself, explains the cause of the move or establishes what comes next.
Which starting point would you use to compare two tokens' performance, and why?
$AVAX #Avalanche #MarketEducation
I compared the same Binance spot AVAX/USDT close, 9.640 at September 20's 08:59 UTC cutoff, with two different starting points.
At September 19's 08:59 UTC close, AVAX was 8.801. From there to 9.640 is a 9.53% gain over exactly 24 hours.
At September 19's 23:59 UTC daily close, it was 10.094. From that later reference to the same 9.640 is a 4.50% decline over nine hours.
The endpoint hasn't changed. The starting price has. A green 24-hour number can coexist with a pullback from the previous daily close, because the longer window still includes the earlier rise.
That's why I want the starting time beside a percentage before calling a move strong or weak. Comparing one token over 24 hours with another since midnight can turn a timing difference into an apparent performance gap.
These are fixed comparisons between completed candles, not a live ticker reading. The open 09:00 UTC hour is excluded. Neither percentage, by itself, explains the cause of the move or establishes what comes next.
Which starting point would you use to compare two tokens' performance, and why?
$AVAX #Avalanche #MarketEducation
