Recently, the atmosphere of the bear market is heavy, but what is the $TNSR that has surged against the trend?
A brief overview of the project and the recent factors driving the price increase:
Essentially, it is a professional NFT market and trading infrastructure on the Solana blockchain. The main trigger for the recent surge was a large purchase by a certain whale wallet, which caused other bots to follow suit, leading to the price spike; however, it is important to note that this trend may be due to insider trading (on November 21, Coinbase announced the acquisition of the Vector platform under this project, but the price had already surged before this information was released). Some KOLs question the possibility of advanced trading behaviors between the treasury wallet and employee wallets. Coinbase is currently conducting an investigation. But fundamentally, there is indeed a narrative behind it.
In summary, for this currently hot project, how should one attempt speculation?
Current price: $0.177-$0.188 (down nearly 50% from the high of $0.36)
Reference price range for participation in the pullback: $0.16-$0.18
This is the position of the second acceleration during the previous surge phase, the support of the first pullback, and the point of breakthrough for today’s rise, a position for increasing holdings that can be considered if there is a short-term pullback.
Of course, it is necessary to look at the current price behavior, such as if there is a MACD divergence or obvious bearish situations like increasing volume with decreasing price, it is advisable to observe.
Reference for closing range:
First reduction area: $0.218-$0.232
This is the 0.382 rebound position of this pullback + resistance from previous highs, and it is expected to encounter significant selling pressure.
Second reduction area: $0.28-$0.30 (strong resistance area)
0.5 retracement level + psychological integer level + main cost area for whales, it is highly likely that profit-taking will occur again.
Third reduction area: $0.36-$0.38 (historical high point area)
If there is a subsequent volume breakthrough of $0.30 accompanied by the official launch of Vector on Coinbase, there is a possibility of another attack on this range, but caution is advised regarding the risk of a secondary distribution.
Final summary: The $TNSR this round has real cash flow fundamentals as well as gray elements of whale manipulation and early leaks of news, representing a typical case of "fundamentals + themes + capital rotation" triple resonance. The current price has pulled back to a relatively safe range, and the risk-reward ratio has become attractive again. In the short term, if there is an opportunity for a pullback, it may be worth considering building positions if there is available capital to play the market.
(The above is purely personal market opinion and not investment advice.)