A 3.37% gain in a day is no small move for an established chipmaker like Intel, with its massive market cap. $INTC is trading at 60.99, just shy of the 24-hour high of 61.10, while the low is still 56.95. These are the prices of the USDT perpetual contract on OKX.
Put simply: this kind of rally looks like money is flowing into chips, but the timing is tricky—61.10 is right overhead. Breaking above it would be one thing; failing to do so could leave a long upper wick, and anyone chasing near the high probably wouldn't feel too confident.
I’d rather wait and see for now, since chasing it this close to the high doesn’t offer much upside for the risk. But if it really holds above 61.10 and keeps climbing, I’ll change my mind and admit this chip rally still has room to run.
Do you think a move like this from Intel could spill over into crypto?
$INTC
#美股 #Market Analysis
Put simply: this kind of rally looks like money is flowing into chips, but the timing is tricky—61.10 is right overhead. Breaking above it would be one thing; failing to do so could leave a long upper wick, and anyone chasing near the high probably wouldn't feel too confident.
I’d rather wait and see for now, since chasing it this close to the high doesn’t offer much upside for the risk. But if it really holds above 61.10 and keeps climbing, I’ll change my mind and admit this chip rally still has room to run.
Do you think a move like this from Intel could spill over into crypto?
$INTC
#美股 #Market Analysis