Right, so AUCTION. It’s been, shall we say, energetic lately. Up 140% since last Saturday. Which, let’s be honest, is a bit much, isn’t it? Currently lounging at $60.3, and apparently everyone’s gone mad for it. A cool $1.33 billion exchanged hands. Billion! For something with a market cap of, like, peanuts ($395.84 million). The ratio is at 335%. Someone call the doctor 🤪.
It’s so close to its all-time high ($70.44). Just a little tease away. Which naturally begs the question…
Cash out now and buy that questionable life choice you’ve been eyeing? Or clutch onto your digital pearls and pray for more? 🤔
Greed is a Sin, Darling (Probably)
The charts are screaming something. Apparently, the trading volume’s been doing the cha-cha since February. Dancing past November and December like they’re last year’s news. All while the price is just, you know, climbing.
The Money Flow Index? 97. Basically off the charts. Highest since July 2023. So, yeah, maybe taking some off the table isn’t the worst idea. Just saying.
And because the universe loves a good dose of irony, the big boys – the whales – seem to be quietly backing away since mid-February. Like they know something we don’t. Probably do 😒.
Mean Coin Age? Also taking a nosedive since February. It’s all pointing to a network-wide fire sale. Whales cashing in? Color me shocked (not really).
The 30-day MVRV ratio is nearly 93%. Short-term holders are practically swimming in profit. So, yeah, time to bail? Maybe just a little bit?
But if you’re one of those stubborn types who refuses to listen to reason, the Fibonacci whatchamacallits say the next stop is $76.23. And after that? A cool $93.25. Knock yourself out 🤷♀️.
Technically, it’s doable. Market cap’s only $404 million. Tiny, really. But with the market being all jittery and everyone chasing the next shiny thing, maybe, just maybe, a little profit-taking wouldn’t kill you.
Newbies are probably loving life right now, high on quick gains. But FOMO? Bad idea. Especially when the MFI is basically waving a red flag. Just saying 😇.
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2025-03-23 05:13