Crypto Momentum Surge September 24
In 7 days it’s up 5x; today it directly crashed 20%. Is momentum broken?
$AKE is +561% over the week, and $BANK is +108%—the two strongest performers in the past 7 days. But today the whole market sold off together. BTC plunged alongside ETH and SOL, and $AKE dropped 20%. The momentum king from last week became a leading force behind the selloff today.
I’ve seen this kind of script—rallies for a week and then collapses—too many times. The current judgment is simple: the farther up the leaderboard, the more you should be wary of a top forming and “sell the news.” Today’s gainers list is full of newcomers—for example, $NOM surged 54—but whether it can hold remains to be seen.
Have you been stuck in positions recently, or did you catch the dip? Share your take in the comments.
In 7 days it’s up 5x; today it directly crashed 20%. Is momentum broken?
$AKE is +561% over the week, and $BANK is +108%—the two strongest performers in the past 7 days. But today the whole market sold off together. BTC plunged alongside ETH and SOL, and $AKE dropped 20%. The momentum king from last week became a leading force behind the selloff today.
I’ve seen this kind of script—rallies for a week and then collapses—too many times. The current judgment is simple: the farther up the leaderboard, the more you should be wary of a top forming and “sell the news.” Today’s gainers list is full of newcomers—for example, $NOM surged 54—but whether it can hold remains to be seen.
Have you been stuck in positions recently, or did you catch the dip? Share your take in the comments.