Sudden 31% flash crash! Who is behind the 'precise sell-off' of $LRC ? The movements of the whales become the biggest suspense!
Brothers, I am Gao Ge. I took a closer look at the 30-minute chart of LRC again, combined with the data for a key review. The current pattern hasn't changed; just one word—'stagnation'
1. Latest technical analysis!
1.1, MA moving averages: The short-term moving average MA9 and the medium-term moving average MA30 above form a double pressure, creating a standard bearish arrangement.
1.2, Trading volume: The trading volume has shrunk drastically to 2.127 million, in stark contrast to the 5-day and 10-day average volumes (approximately 19.81 million and 20.34 million), classified as 'extremely low'.
1.3, MACD: The yellow and white lines are both below the zero axis, confirming an overall bearish atmosphere. However, the MACD bars have turned positive, and the two lines are extremely fused, indicating that the bearish momentum is likely to weaken in the short term, with the possibility of forming a low-level golden cross.
2. Latest on-chain news!
2.1, Price performance: A drop of over 31% within 24 hours.
2.2, Sector comparison: The Layer 2 sector overall rose by 1.66% during the same period.
2.3, Derivative data: The futures open contracts reached 38 million USD, with a 24-hour futures trading volume of 782 million USD, far exceeding the 72.48 million USD spot trading volume.
Note! When an asset fades from the center of discussion, do you see it as a forgotten corner, or do you view it as a seed that requires extra patience to watch?
I am Gao Ge, top technical support, focusing on trading technology, only serving those who have vision and ambition!
