Every major is red tonight, and the top of the gainers list has never looked greener. $SAND is now up 63.9% in 24 hours.
SAND trades at 0.07336 on about 73.4M USDT of volume. Yesterday I said the second day would tell more than the first. Volume went up again, and the price kept climbing.
$ENJ joined it: up 21.1% to 0.037, on about 23.3M USDT.
Meanwhile $BTC is down 0.8% at 84,585, ETH lost 1.6%, and the Fear and Greed index dropped to 67 from 72. So the market as a whole cooled off, while money crowded into a handful of small coins.
That split is the signal I watch. When majors weaken and sentiment drops, these isolated pumps usually lose their fuel first. They can keep running for a while, but the margin for error gets thin.
My view: I stay out of chasing here. For SAND, a fall back under 0.063 would mean today's leg failed. If BTC slides further, I expect the small-coin rally to stall.
#TheSandbox #AltcoinRotation
SAND trades at 0.07336 on about 73.4M USDT of volume. Yesterday I said the second day would tell more than the first. Volume went up again, and the price kept climbing.
$ENJ joined it: up 21.1% to 0.037, on about 23.3M USDT.
Meanwhile $BTC is down 0.8% at 84,585, ETH lost 1.6%, and the Fear and Greed index dropped to 67 from 72. So the market as a whole cooled off, while money crowded into a handful of small coins.
That split is the signal I watch. When majors weaken and sentiment drops, these isolated pumps usually lose their fuel first. They can keep running for a while, but the margin for error gets thin.
My view: I stay out of chasing here. For SAND, a fall back under 0.063 would mean today's leg failed. If BTC slides further, I expect the small-coin rally to stall.
#TheSandbox #AltcoinRotation
