Yesterday afternoon, the performance of a certain popular cryptocurrency was quite interesting. As of 4:00 PM on January 9th, the real-time price was at $0.1424, just 5.3% away from the psychological barrier of $0.15.
From a technical perspective, this asset increased by 12.85% that day, with a trading volume of $14.82 million. Liquidity is basically not an issue, providing solid support for the price to push upward. Coupled with Bitcoin's recent leadership, the overall market sentiment has also warmed up. In this context, breaking through $0.15 wouldn't be considered a rare event.
But to be fair, this coin's intraday volatility is indeed quite intense, and many platform data suggest a short-term slight pullback might be imminent. Investors should be cautious at this point: once the price reaches a key level, profit-taking is very likely, which could lead to more violent fluctuations. So even with a positive atmosphere, one should beware of sudden sharp declines.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
8
Repost
Share
Comment
0/400
DegenDreamer
· 18h ago
0.15 is just around the corner, but what I fear more is when the profit-taking sells off...
View OriginalReply0
AirdropATM
· 20h ago
It's that kind of pattern where it easily dumps at critical points; I've been used to it long ago.
View OriginalReply0
Hash_Bandit
· 20h ago
0.15's def the honeypot rn... seen this movie before ngl
Reply0
ChainDoctor
· 01-09 09:57
0.15 is another hurdle where the same old story will repeat; don't get carried away by the hype.
View OriginalReply0
DAOplomacy
· 01-09 09:54
ngl the whole "psychological resistance at 0.15" thing feels kinda overplayed... like yeah sure, liquidity's decent and btc's pumping but the volatility patterns here suggest we're dealing with some pretty sub-optimal market structure. historical precedent indicates these kinds of momentum plays rarely hold past the initial breakout, so tbh i'd be cautious about the stakeholder alignment here
Reply0
GasFeeCrybaby
· 01-09 09:52
Is it really so hard to break through $0.15? It feels like I'm trying every day.
View OriginalReply0
TommyTeacher
· 01-09 09:52
0.15 is indeed a level where selling tends to happen; it depends on who acts first.
View OriginalReply0
New_Ser_Ngmi
· 01-09 09:42
$0.15 feels like a trap, rushing up to cut the leeks.
Yesterday afternoon, the performance of a certain popular cryptocurrency was quite interesting. As of 4:00 PM on January 9th, the real-time price was at $0.1424, just 5.3% away from the psychological barrier of $0.15.
From a technical perspective, this asset increased by 12.85% that day, with a trading volume of $14.82 million. Liquidity is basically not an issue, providing solid support for the price to push upward. Coupled with Bitcoin's recent leadership, the overall market sentiment has also warmed up. In this context, breaking through $0.15 wouldn't be considered a rare event.
But to be fair, this coin's intraday volatility is indeed quite intense, and many platform data suggest a short-term slight pullback might be imminent. Investors should be cautious at this point: once the price reaches a key level, profit-taking is very likely, which could lead to more violent fluctuations. So even with a positive atmosphere, one should beware of sudden sharp declines.