The broader market barely moved: $BTC 24h gained just 0.83%, while $FIL rose 10.59% on its own.
But its 27.8M USDT in trading volume was only 1.53 times the average of the previous 7 days. The average trade size was 82.7 USDT, just 0.42 times the median for its peer group—small orders are pushing the price up, not big money.
The current price of 1.2283 is at the 76% level of its range, down 3.8% from the high of 1.2764. Small orders pushing it up + 1.5x volume? I’m not chasing it. It only counts as a breakout if volume comes in and clears 1.2764. Do you think this is the start of a catch-up rally or a pump-and-dump?
But its 27.8M USDT in trading volume was only 1.53 times the average of the previous 7 days. The average trade size was 82.7 USDT, just 0.42 times the median for its peer group—small orders are pushing the price up, not big money.
The current price of 1.2283 is at the 76% level of its range, down 3.8% from the high of 1.2764. Small orders pushing it up + 1.5x volume? I’m not chasing it. It only counts as a breakout if volume comes in and clears 1.2764. Do you think this is the start of a catch-up rally or a pump-and-dump?