A certain exchange has listed LULU, DNA, and Q perpetual contracts
The price action around listing announcements has been reviewed many times. It generally has three phases:
① When the news breaks: sentiment surges first, and the candlestick often moves ahead of the news;
② Around the opening: profit-taking is at its peak, and selling the news is common;
③ After the opening: the market returns to fundamentals, and whether volume holds up is key.
$DNA is still in phase ① for now.
Selling pressure from airdrops and early holders usually determines the initial price action.
The price action around listing announcements has been reviewed many times. It generally has three phases:
① When the news breaks: sentiment surges first, and the candlestick often moves ahead of the news;
② Around the opening: profit-taking is at its peak, and selling the news is common;
③ After the opening: the market returns to fundamentals, and whether volume holds up is key.
$DNA is still in phase ① for now.
Selling pressure from airdrops and early holders usually determines the initial price action.