$BASED broke through the 0.05 level.
After moving above that level, short sellers closing their positions can sometimes push the price higher for a while.
After an unusual move, there is usually a period of consolidation, and the way it consolidates determines which direction the next move takes.
Just my personal opinion—don't treat it as a basis for buying or selling.
After moving above that level, short sellers closing their positions can sometimes push the price higher for a while.
After an unusual move, there is usually a period of consolidation, and the way it consolidates determines which direction the next move takes.
Just my personal opinion—don't treat it as a basis for buying or selling.