$MOVR is up 75.4% in 24 hours, the biggest move on the board by a wide margin. I care more about the coin in second place.
MOVR trades at 2.585 on about 75.1M USDT of volume. That is a big percentage on a small amount of money, and moves like that can reverse as fast as they came.
$ENA is up 12.6% at 0.2762, and about 102.1M USDT changed hands, more than in MOVR. A smaller move with more money behind it is usually the one that holds better.
The backdrop helps both: $BTC is up 1.4% at 84,313, and the Fear and Greed index rose to 74 (Greed) from 71. A greedy market is exactly when thin pumps get chased.
My view: MOVR is a watch, not a chase. For ENA, I want to see volume stay near this level while price holds the gain. If ENA gives back the whole 12.6%, it was only following the market.
#Moonriver #Ethena
MOVR trades at 2.585 on about 75.1M USDT of volume. That is a big percentage on a small amount of money, and moves like that can reverse as fast as they came.
$ENA is up 12.6% at 0.2762, and about 102.1M USDT changed hands, more than in MOVR. A smaller move with more money behind it is usually the one that holds better.
The backdrop helps both: $BTC is up 1.4% at 84,313, and the Fear and Greed index rose to 74 (Greed) from 71. A greedy market is exactly when thin pumps get chased.
My view: MOVR is a watch, not a chase. For ENA, I want to see volume stay near this level while price holds the gain. If ENA gives back the whole 12.6%, it was only following the market.
#Moonriver #Ethena
