An 87.68M USDT trading volume over 24 hours on a small-cap contract—I thought the data had gotten mixed up at first glance. I checked twice before believing it.
The hype is real. So is the low price.
$DOOD is now at 0.0019520, up 34.807% over 24 hours.
It touched a low of 0.0013740 and a high of 0.0020270 intraday—a range of 47.53%.
Some 975,000 trades were packed into this one price line.
Looking at the 20-day range, from 0.001267 to 0.004956,
the current price sits at just the 18.3rd percentile. It’s up 44.743% over seven days and 18.861% over three days.
It’s surged, but it’s still a long way from the top of the range.
It’s like a warehouse: quite a lot of goods have been moved out, but more than half the warehouse is still empty. To fill it up, we’ll have to see whether anyone is still willing to keep moving goods in.
What’s more worth watching is the funding rate: -0.942316%.
That’s deeply negative, meaning shorts have been paying longs rent all along. The price is climbing while the funding rate is still stuck at the floor. This kind of divergence is one of the hardest setups to trade.
Average daily volatility is 27.199%. The price can swing through a range equal to a quarter of its value in a day, so chasing the intraday high at this level is a good way to get burned.
My approach is simple: increase how often I watch it, not my position size.
With the positioning and liquidity both laid out here, I’ll keep it on my radar for now. I’ll talk about taking profits once the funding rate turns positive and trading volume comes down.
What do you think of tokens that keep rising while funding rates stay negative? Let’s discuss in the comments.
$BTC $ETH
#DOOD #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
The hype is real. So is the low price.
$DOOD is now at 0.0019520, up 34.807% over 24 hours.
It touched a low of 0.0013740 and a high of 0.0020270 intraday—a range of 47.53%.
Some 975,000 trades were packed into this one price line.
Looking at the 20-day range, from 0.001267 to 0.004956,
the current price sits at just the 18.3rd percentile. It’s up 44.743% over seven days and 18.861% over three days.
It’s surged, but it’s still a long way from the top of the range.
It’s like a warehouse: quite a lot of goods have been moved out, but more than half the warehouse is still empty. To fill it up, we’ll have to see whether anyone is still willing to keep moving goods in.
What’s more worth watching is the funding rate: -0.942316%.
That’s deeply negative, meaning shorts have been paying longs rent all along. The price is climbing while the funding rate is still stuck at the floor. This kind of divergence is one of the hardest setups to trade.
Average daily volatility is 27.199%. The price can swing through a range equal to a quarter of its value in a day, so chasing the intraday high at this level is a good way to get burned.
My approach is simple: increase how often I watch it, not my position size.
With the positioning and liquidity both laid out here, I’ll keep it on my radar for now. I’ll talk about taking profits once the funding rate turns positive and trading volume comes down.
What do you think of tokens that keep rising while funding rates stay negative? Let’s discuss in the comments.
$BTC $ETH
#DOOD #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
