Nearly 19 times its normal volume: $GTC jumped 57.2% in a day, and the money behind it is the real headline.
About 25.7M USDT traded in 24 hours, 18.8 times the 7-day average. Price is 0.1685, up 83.9% on the week from a low of 0.08303.
This move belongs to GTC alone. $BTC was flat, up 0.09%, so no market tide lifted it.
Two things keep me out for now. Price already touched 0.184 and sits 8.4% below that high, so the first push was sold. And hourly RSI is 71.8, stretched after a move this fast.
A volume spike this large usually means one of two things: the start of a new trend, or one burst of interest that fades within days. The next sessions decide which.
My view: no chase. A clean break above 0.184 with volume still several times normal would show real follow-through. A drop back under 0.14 would hand back most of today's jump.
#Gitcoin #VolumeSpike
About 25.7M USDT traded in 24 hours, 18.8 times the 7-day average. Price is 0.1685, up 83.9% on the week from a low of 0.08303.
This move belongs to GTC alone. $BTC was flat, up 0.09%, so no market tide lifted it.
Two things keep me out for now. Price already touched 0.184 and sits 8.4% below that high, so the first push was sold. And hourly RSI is 71.8, stretched after a move this fast.
A volume spike this large usually means one of two things: the start of a new trend, or one burst of interest that fades within days. The next sessions decide which.
My view: no chase. A clean break above 0.184 with volume still several times normal would show real follow-through. A drop back under 0.14 would hand back most of today's jump.
#Gitcoin #VolumeSpike
