- Samecoin (even) jumped 41.9% in the last 24 hours.
- Samecoin is experiencing significant demand, because the volume and open interest have reached a new summit of all time.
During the last day, even (even) experienced massive gains on its price graphics. The samecoin went from $ 0.0014 to a local summit of $ 0.0028.
Naturally, some of these gains have been cut. At the time of the press, even negotiated at $ 0.002292, still up 41.91% in one day.
The volume reflected this wave. It has skyrocketed at 5742.1% soaring, affecting $ 1.24 billion – its highest daily volume to date. The open interest has followed suit, arrows of 263.47% for a new summit of $ 53 million.
Source: Coringlass
When the interest and the open volume increase simultaneously, it reflects an increasing demand for the asset, the traders therefore open up new positions for strategic positions. With the recent price pump, the question is what stimulates the rally.
According to Ambcrypto’s analysis, the recent price pump stems from the increase in demand and interest in tokens on the theme of jokes.
Can even maintain his earnings?
According to Ambcrypto’s analysis, even has a strong demand, buyers who have exploited on the market. The sharp increase in exchange withdrawals confirms the increase in demand.
The Altcoin Netflow spot decreased $ 1.87 million in three months. Such a massive negative flow flow indicates that there are more exchange outlets than entries.
Usually, a higher outing suggests increasing accumulation addresses.
Source: Coringlass
In addition to that, the pressure on the purchase side has intensified.
During the last day, purchase orders crossed 761 million, with command books in favor of bulls. This imbalance often precedes price climbs and strengthens the current momentum.
Source: Mobchart
In other words, even see significant gains as demand increases. Buyers who take care of the market, this suggests that investors are optimistic and anticipate more growth in price graphics.
So that they even maintain these gains, he must successfully cross and return the resistance of $ 0.0028, making his support.
A daily fence greater than $ 0.0022 will hold upward prospects. However, if the holders who have been underwater since last month are transformed into profit, the same could return to $ 0.00145.
