Over the rolling 24-hour period, $RLC -12.85%. Over the rolling 24-hour period, $T +34.48%. Over the rolling 24-hour period, $TREE -15.79%. One rose and two fell, a stark contrast; all we can confirm is that spot quotes changed, not that there was any project progress or any particular reason for the price movements. Trading volume also cannot substitute for order-book depth, and price gains alone are no basis for claiming that someone is pumping or dumping.
What I most want to verify is whether T’s gains have had sustained buying support. When I’m afraid of missing an opportunity, it’s easy to mistake impressive numbers for evidence of a good story; I worry that if buying weakens, the price could fall quickly. But this is only a possibility that remains to be verified, and I may also be putting too much weight on the rolling 24-hour figures. The declines in RLC and TREE don’t explain why T rose, nor do they justify saying that something has gone wrong with the project.
For now, what’s missing is follow-up trading data, changes in the order book, concentration of holdings, and reliable developments directly related to each of these three tokens. Without this evidence, I don’t know why prices are moving this way. If buying support continues, or new facts emerge that directly explain the changes, I’ll revise my view; if selling pressure doesn’t persist, a short-term decline shouldn’t be treated as a long-term conclusion.
What I most want to verify is whether T’s gains have had sustained buying support. When I’m afraid of missing an opportunity, it’s easy to mistake impressive numbers for evidence of a good story; I worry that if buying weakens, the price could fall quickly. But this is only a possibility that remains to be verified, and I may also be putting too much weight on the rolling 24-hour figures. The declines in RLC and TREE don’t explain why T rose, nor do they justify saying that something has gone wrong with the project.
For now, what’s missing is follow-up trading data, changes in the order book, concentration of holdings, and reliable developments directly related to each of these three tokens. Without this evidence, I don’t know why prices are moving this way. If buying support continues, or new facts emerge that directly explain the changes, I’ll revise my view; if selling pressure doesn’t persist, a short-term decline shouldn’t be treated as a long-term conclusion.
