Bottom line first: judging only by the volume-price action of this coin on the top losers list, the mood right now can be summed up in one word: cold—and the kind of cold where nobody is willing to step in after the drop. Active money is basically nowhere to be seen.
There’s quite a bit to glean from the data for $RLC . It fell 29.72% over 24 hours, yet its amplitude reached 56.7%, and it closed at a point just 15% up from the bottom of the day’s range. That suggests some pretty violent swings along the way, with the bulk of the volume probably concentrated in the first half of the period. Now look at the second half: it’s down just 5.17% over the last four hours, and only 0.63% over the last hour, while volume has shrunk to 0.37 times the 24-hour average. I’d characterize this combination as a slow bleed with nobody stepping in, rather than a panic sell-off in progress. The panic phase has probably already played out; what we have now is a low-volume drift down, with the price hugging the lows and sliding lower on its own. This kind of action can be even more grueling than a high-volume crash.
One contradiction is worth pointing out: the price keeps grinding lower near the lows, but volume is shrinking. That suggests neither a fresh wave of concentrated selling nor buyers stepping in. As for which side’s holdings were moving during that earlier volume spike, it’s impossible to tell from volume and price alone. I’ll admit that.
My approach comes down to one word: wait. First, see when volume returns to normal levels. Second, see whether the price can form a sideways base here without moving lower. Until both signals appear, I’ll just watch from the sidelines.
#跌幅榜 #Market Analysis
I’ve done my best, but the market doesn’t have to cooperate. The above does not constitute investment advice. DYOR.
There’s quite a bit to glean from the data for $RLC . It fell 29.72% over 24 hours, yet its amplitude reached 56.7%, and it closed at a point just 15% up from the bottom of the day’s range. That suggests some pretty violent swings along the way, with the bulk of the volume probably concentrated in the first half of the period. Now look at the second half: it’s down just 5.17% over the last four hours, and only 0.63% over the last hour, while volume has shrunk to 0.37 times the 24-hour average. I’d characterize this combination as a slow bleed with nobody stepping in, rather than a panic sell-off in progress. The panic phase has probably already played out; what we have now is a low-volume drift down, with the price hugging the lows and sliding lower on its own. This kind of action can be even more grueling than a high-volume crash.
One contradiction is worth pointing out: the price keeps grinding lower near the lows, but volume is shrinking. That suggests neither a fresh wave of concentrated selling nor buyers stepping in. As for which side’s holdings were moving during that earlier volume spike, it’s impossible to tell from volume and price alone. I’ll admit that.
My approach comes down to one word: wait. First, see when volume returns to normal levels. Second, see whether the price can form a sideways base here without moving lower. Until both signals appear, I’ll just watch from the sidelines.
#跌幅榜 #Market Analysis
I’ve done my best, but the market doesn’t have to cooperate. The above does not constitute investment advice. DYOR.