46 times its weekly average. That is how much $KAIA traded in the last 24 hours, about 39.2 million dollars, and it is the number I keep coming back to more than the 54% gain.
Price is 0.0576 now. The weekly high is 0.068, so it sits 15.3% under it, and the seven-day gain is 58.2%, which means almost all of this week's move came in the last day. BTC did 0.41% in the same window, so the market did not carry it.
RSI on the hourly is 60.3. For a coin up this much in a day, that is surprisingly calm, and it tells me some of the heat has already come out. I like that better than a reading near 90, because it leaves room before it gets stretched again.
I lean positive while it holds above 0.05. A drop under that would give back a large part of the day's move and I would stop treating this as a trend. On the upside, I want to see it get back toward 0.068 with volume still well above normal. If volume fades fast from here, the 46x day was a one-off.
#Kaia #Kaiachain
Price is 0.0576 now. The weekly high is 0.068, so it sits 15.3% under it, and the seven-day gain is 58.2%, which means almost all of this week's move came in the last day. BTC did 0.41% in the same window, so the market did not carry it.
RSI on the hourly is 60.3. For a coin up this much in a day, that is surprisingly calm, and it tells me some of the heat has already come out. I like that better than a reading near 90, because it leaves room before it gets stretched again.
I lean positive while it holds above 0.05. A drop under that would give back a large part of the day's move and I would stop treating this as a trend. On the upside, I want to see it get back toward 0.068 with volume still well above normal. If volume fades fast from here, the 46x day was a one-off.
#Kaia #Kaiachain