The privacy coin sector has been a bit volatile these days, with DASH leading a surge. The 24-hour increase directly hit 52.91%, with a quote of $57.18, and the market capitalization jumped to $718 million.
The heat of this rally is quite high. Trading volume broke through $383 million, an increase of over 200% compared to usual, indicating that both retail and institutional investors are watching this sector closely. On the 7-day chart, the gains are even more impressive, with a total rise of 27.9%, making it one of the strongest performers in the privacy coin track, only rivaled by the new high XMR.
From a technical perspective, the situation is a bit extreme. The RSI has soared to 94.8, a typical sign of extreme overbought conditions. At the same time, the MACD has also shown a golden cross, and the price has directly broken through the upper band of the Bollinger Bands. These indicators together suggest that market sentiment is indeed ignited.
In terms of driving forces, South Korea recently lifted restrictions on corporate crypto assets, which has brought considerable imagination to the privacy coin sector. Coupled with recent market rotation towards privacy coins, short sellers have also been squeezed into a bit of a corner. However, how long this extremely overbought state can last remains to be seen.
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NFT_Therapy_Group
· 15h ago
Here we go again, no one’s running even with RSI94?
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DASH surged too quickly this time, it’s bound to crash eventually
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I’m tired of the privacy coin rotation, what’s the next hot thing to pump
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A 52% increase must mean they want me to chase and buy high, hilarious
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Korean policies loosen up and immediately start pumping, too easy to get cut
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Overbought to this extent and still pushing, everyone’s going to get trapped
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XMR has already hit a new high, DASH is still chasing behind, is this a rebound?
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This wave of hype feels like the whales are harvesting, a surge in trading volume is a dangerous signal
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Wait for a pullback, jumping in now is just asking for death
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Privacy coin concepts can’t be pumped anymore, so they start playing tricks
View OriginalReply0
LightningClicker
· 15h ago
Whoa DASH is about to take off, RSI 94.8 is directly feeding the bots, be careful brothers when taking over
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52% increase, retail investors are about to get cut again, this is the fate of overbought conditions
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South Korea started to stir as soon as restrictions on privacy coins were lifted, capital intuition is really sharp
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Extremely overbought and still pushing, MACD golden cross is no salvation, next step is to watch for liquidation
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A 200% surge in trading volume is it a good sign or a prelude to a dump? I really can't tell
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Only XMR can match the shoulder? DASH might be pulling back to find support
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I really dare not move with RSI 94.8, feeling like a negative news will drop it straight down
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Privacy coin rotation and speculation, same old story, will this time really be different?
View OriginalReply0
TopBuyerForever
· 15h ago
RSI94.8? Is this the signal to sell I keep getting? It happens every time...
View OriginalReply0
SneakyFlashloan
· 15h ago
DASH is really aggressive this time, RSI 94.8 is hitting the ceiling, can't push it further afterwards.
The privacy coin sector has been a bit volatile these days, with DASH leading a surge. The 24-hour increase directly hit 52.91%, with a quote of $57.18, and the market capitalization jumped to $718 million.
The heat of this rally is quite high. Trading volume broke through $383 million, an increase of over 200% compared to usual, indicating that both retail and institutional investors are watching this sector closely. On the 7-day chart, the gains are even more impressive, with a total rise of 27.9%, making it one of the strongest performers in the privacy coin track, only rivaled by the new high XMR.
From a technical perspective, the situation is a bit extreme. The RSI has soared to 94.8, a typical sign of extreme overbought conditions. At the same time, the MACD has also shown a golden cross, and the price has directly broken through the upper band of the Bollinger Bands. These indicators together suggest that market sentiment is indeed ignited.
In terms of driving forces, South Korea recently lifted restrictions on corporate crypto assets, which has brought considerable imagination to the privacy coin sector. Coupled with recent market rotation towards privacy coins, short sellers have also been squeezed into a bit of a corner. However, how long this extremely overbought state can last remains to be seen.