The broader market played dead all night. $BTC 7.58万, Ethereum at 2235, and $SOL 89 were all going nowhere, but the money didn't sleep—it all ran off to find opportunities on the Alpha leaderboard.
$MET, Meteora, tops Binance Alpha's gainers: up 20.8% in 24 hours, currently at 0.33, and still up 2.5% over the past hour. The volume is even more impressive: nearly $49 million traded in a day, with CMC data showing volume surging 181% from the previous day.
What's interesting is that a month ago it was still at 0.42. It dropped nearly 30% over 30 days, hitting a low of 0.26 on November 4. This rally started at 0.27 and has climbed back; it just managed to hold above 0.30, and now it's testing the 0.33 hurdle.
If it gets above 0.33, the old 0.42 level is next. If it can't hold, a break below 0.30 sends it back to 0.27.
A: If the broader market stays flat, money just rotates. I'll take a shot at 0.33 and look for 0.42.
B: No news, just volume pushing it up. 0.33 is the ceiling for this move.
$MET $BTC $SOL
#Meteora #Alpha #Rotation
$MET, Meteora, tops Binance Alpha's gainers: up 20.8% in 24 hours, currently at 0.33, and still up 2.5% over the past hour. The volume is even more impressive: nearly $49 million traded in a day, with CMC data showing volume surging 181% from the previous day.
What's interesting is that a month ago it was still at 0.42. It dropped nearly 30% over 30 days, hitting a low of 0.26 on November 4. This rally started at 0.27 and has climbed back; it just managed to hold above 0.30, and now it's testing the 0.33 hurdle.
If it gets above 0.33, the old 0.42 level is next. If it can't hold, a break below 0.30 sends it back to 0.27.
A: If the broader market stays flat, money just rotates. I'll take a shot at 0.33 and look for 0.42.
B: No news, just volume pushing it up. 0.33 is the ceiling for this move.
$MET $BTC $SOL
#Meteora #Alpha #Rotation