$RLC pulled a bit of a sneak attack here, jumping straight from 0.66 to 1.2 in a day—a gain of over 70%.
Quick version: iExec is an old coin ranked in the 300s on CoinGecko. Nobody’s talking about its fundamentals; this is purely money moving in. It’s up 37% in 6 hours, with 4 consecutive green candles. At 1.2, the current price has left the MA7 at 0.97 and MA25 at 0.85 far behind—the chart is in an acceleration phase. Trading volume is 450 million, about the same as in the previous 6 hours. There’s no clear volume spike suggesting a blow-off top, so it doesn’t look like we’re at the full-on selling stage yet.
But something feels off: the long/short account ratio among large traders is only 0.60. Big accounts are leaning short while retail is chasing the rally. Open interest jumped over 20% in an hour, so money is still flowing in. Funding is negative, which means shorts are paying longs.
I’m leaning bullish here. If it pulls back to around 1.1 and holds, I’d stay in; first target is 1.4. If it breaks down, I’ll wait and reassess at 1.0. It’s only 2.5% below the 24-hour high, so a new high looks likely. I’m not sure it can hold there, but a short squeeze is definitely possible.
Who knows if it’ll work out—let’s just make a little spending money first.
Quick version: iExec is an old coin ranked in the 300s on CoinGecko. Nobody’s talking about its fundamentals; this is purely money moving in. It’s up 37% in 6 hours, with 4 consecutive green candles. At 1.2, the current price has left the MA7 at 0.97 and MA25 at 0.85 far behind—the chart is in an acceleration phase. Trading volume is 450 million, about the same as in the previous 6 hours. There’s no clear volume spike suggesting a blow-off top, so it doesn’t look like we’re at the full-on selling stage yet.
But something feels off: the long/short account ratio among large traders is only 0.60. Big accounts are leaning short while retail is chasing the rally. Open interest jumped over 20% in an hour, so money is still flowing in. Funding is negative, which means shorts are paying longs.
I’m leaning bullish here. If it pulls back to around 1.1 and holds, I’d stay in; first target is 1.4. If it breaks down, I’ll wait and reassess at 1.0. It’s only 2.5% below the 24-hour high, so a new high looks likely. I’m not sure it can hold there, but a short squeeze is definitely possible.
Who knows if it’ll work out—let’s just make a little spending money first.