Crypto | Overnight Accumulation Watchlist | Oct 18

I can’t make sense of this market tonight. BTC, ETH, and SOL are all moving sideways on shrinking volume. The declines aren’t huge, but sentiment is really quiet. Still, the quieter things get, the more likely some coins are to be quietly accumulated. There are a few interesting names on tonight’s watchlist:
FLOCK has a volume ratio of 38.8x—it’s absolutely exploded. Volume anomalies like this usually mean there’s a story to come.
MANTRA has a volume ratio of 20.5x. It’s a familiar name in the OM ecosystem’s RWA space, and funds are clearly flowing back in.
ASML has a volume ratio of 7.4x. It’s a tokenized stock, linked to U.S. tech stocks.

There are also a few worth watching among the slow risers forming a base:
Q is up 419% in a slow grind, but its funding rate has fallen to -0.17%. Bulls and bears are sharply divided—retail traders, don’t chase it.
TIA’s funding rate has turned negative, and it has made three higher lows. Is this a bottom signal or a fakeout? The key is whether it can hold steady.
FLUID is up 31% in a slow grind, with a slightly positive funding rate. It has the cleanest structure of the bunch.
ICNT’s funding rate is deeply negative, so shorts are paying. That’s the most comfortable setup for bulls.

Personally, I’d stay on the sidelines with FLOCK—the volume ratio is just too outrageous. MANTRA and FLUID could be followed with small positions. I never touch freakish coins like Q that top the gainers list. Only profits you’ve actually pocketed count.

What do you think? Let’s chat in the comments—which one are you watching tonight?
The Shennong Notes team will continue to share market and coin analyses based on data, so you can avoid trading on gut feeling. Follow us for daily updates.