A 90% increase in a week, from 0.06 to 0.12. Looking at this trend, it's hard not to feel a bit nervous. The daily RSI has surged to 82, which is already clearly overbought. According to conventional technical analysis, chasing the high at this point carries significant risk, and waiting for a pullback is indeed more prudent.
The problem is, the crypto market loves to mess with people this way. Overbought conditions can become even more overbought, which is quite normal in the crypto space. The 4-hour RSI is still at 71, the MACD golden cross is still expanding, and the ADX trend strength is at 60—indicating that the upward momentum is still quite strong. If you stubbornly wait for indicators to signal a pullback, you might miss the main upward wave that follows. Think back to the 2021 rally, when many coins' RSI stayed above 90 for several days; the pullback was actually a false move.
On the technical support side, the range of 0.107-0.11 is key. The Bollinger Bands' lower band and moving averages are concentrated there, and the heatmap also shows long positions gathering. If the price tests and stabilizes at this level, it might be worth considering a small position, with a stop-loss set below 0.10. If it breaks down, exit decisively. On the upside, resistance is at 0.126-0.138. If broken, a move toward 0.15 is not out of the question.
Open interest has actually decreased by 20%, and the funding rate remains negative, indicating that market sentiment hasn't reached the level of crazy FOMO yet. It seems more like the whales are controlling the market and shaking out weak-handed retail investors through volatility. As long as the fundamentals remain intact, such adjustments often present good opportunities to add positions.
From a fundamental perspective, the mainnet launch of EVM, exchange integrations, and the RWA narrative could all serve as catalysts. Once these are realized, a market cap increase from the current 57 million to 100-200 million USD is plausible, which could push the coin price to 0.2-0.4. Of course, this is a more optimistic estimate; the actual trend will depend on the overall market sentiment and news flow.
My plan is to start accumulating if the price drops back to around 0.11, with a strict position limit below 10%. No chasing highs or holding a full position—just maintaining a certain level of participation. Small-cap coins can rise very quickly once they start moving, and missing out entirely would be quite unfortunate.
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ChainMelonWatcher
· 11h ago
Oops, chasing positions at 0.12 is a bit risky, but missing the main rally is also frustrating.
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RSI soaring to 82 can still keep exploding; the crypto world really is this unreasonable.
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I'm also torn; I feel that 0.11 is the comfortable price to buy in.
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In 2021, I was just waiting for a pullback, but it took off directly, and my mindset collapsed.
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Is a decrease in holdings actually a good sign? This logic is impressive, just shaking out the chips.
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Is the expectation of 0.2 to 0.4 a bit optimistic? Let's look at the overall market.
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Gradually entering the market is the safest move; I accept a 10% position.
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Small coins rise quickly, but they also fall fast; you need a strong heart.
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Breaking resistance at 0.138 and heading to 0.15—easier said than done. What if it crashes down?
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Negative fees are still ongoing; it feels like the main players haven't had enough fun.
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StakeTillRetire
· 18h ago
0.11 is really the entry point now, chasing now is just a fate of the leek
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It's that same narrative of the main upward wave, said in 2021 too, but how did it end?
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Deciding not to chase high, just wait at 0.107, patience is key
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The negative funding rate is quite interesting, indicating not so many people are crazy
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If the RWA narrative can be realized, it's worth a gamble, but don't put all your eggs in one basket
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Still daring to chase an RSI of 82? Isn't that playing with fire?
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The happiness of small-cap coins often comes with big drops, be mentally prepared before entering
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Setting stop-loss below 0.10? That's too greedy, protecting principal is the most important
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Waiting for a pullback isn't being timid, it's respecting the market rhythm, no need to rush
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By the way, is the fundamental of this coin really reliable, or is it just a pure narrative play?
View OriginalReply0
LiquidatorFlash
· 18h ago
RSI 82 is so high, I'm a bit hesitant... But on the other hand, I haven't seen a real pullback in these years; it's all just traps to lure and trap people. I need to hold the 0.11 level firmly, and if it breaks 0.10, I'll admit defeat—no greed for that small difference.
View OriginalReply0
ApyWhisperer
· 18h ago
Haha, this is the typical crypto mysticism—indicators are off the charts but it still keeps soaring.
Oh my, can that 0.107 barrier really hold? It feels like the main force is still shaking out, I need to keep my eyes peeled.
Is the RWA narrative reliable? It feels a bit exaggerated.
Instead of obsessing over RSI, it's better to wait for around 0.11 to get in. Anyway, missing out is worse than being trapped.
Small coins can rise quickly this time, but they also fall hard. You need to prepare mentally.
Overbought indicators don't really constrain this coin at all; history tends to repeat itself.
If it breaks 0.15, can it really push to 0.2? If that happens, I’ll have to add to my position.
View OriginalReply0
ForkThisDAO
· 18h ago
It's the same old story, claiming that overbought RSI means the main force is shaking out shares. Why haven't you ever predicted it correctly?
View OriginalReply0
SlowLearnerWang
· 18h ago
It's the same old story, waiting for a pullback, waiting for a pullback, and by the time it comes, it's already chasing the high.
That's right, when RSI breaks the sky, it should theoretically run, but the crypto market always does the opposite.
What if the 0.11 level stabilizes and then moves up? Brother, your waiting might just cause you to miss the rhythm again.
What I'm really worried about is it hitting 0.15 directly tomorrow, and by then, it's too late to regret.
I just want to know if the fundamentals can really materialize, or if it's just too much of a pie in the sky.
View OriginalReply0
MetaverseLandlord
· 18h ago
A 90% increase is indeed crazy, but RSI82 chasing the high really makes me nervous. I'll wait until around 0.11 to go back in.
Overbought indicators don't necessarily mean death. In 2021, I was too cautious and missed out, and I still regret it.
There does seem to be some main force shaking out the chips. The decrease in holding volume and negative fee rate don't look like the top.
0.2 to 0.4? We need to wait for RWA and the mainnet to really land. It's still too early to say anything now.
The plan is to buy in stages if the price dips to 0.11. Strictly keeping 10% of the position and not greedy. I've already learned to be cautious during such exciting market conditions.
View OriginalReply0
Whale_Whisperer
· 18h ago
Main forces are shaking out the chips, just waiting for retail investors to cut losses. 0.11 is the entry point, not the ceiling.
A 90% increase in a week, from 0.06 to 0.12. Looking at this trend, it's hard not to feel a bit nervous. The daily RSI has surged to 82, which is already clearly overbought. According to conventional technical analysis, chasing the high at this point carries significant risk, and waiting for a pullback is indeed more prudent.
The problem is, the crypto market loves to mess with people this way. Overbought conditions can become even more overbought, which is quite normal in the crypto space. The 4-hour RSI is still at 71, the MACD golden cross is still expanding, and the ADX trend strength is at 60—indicating that the upward momentum is still quite strong. If you stubbornly wait for indicators to signal a pullback, you might miss the main upward wave that follows. Think back to the 2021 rally, when many coins' RSI stayed above 90 for several days; the pullback was actually a false move.
On the technical support side, the range of 0.107-0.11 is key. The Bollinger Bands' lower band and moving averages are concentrated there, and the heatmap also shows long positions gathering. If the price tests and stabilizes at this level, it might be worth considering a small position, with a stop-loss set below 0.10. If it breaks down, exit decisively. On the upside, resistance is at 0.126-0.138. If broken, a move toward 0.15 is not out of the question.
Open interest has actually decreased by 20%, and the funding rate remains negative, indicating that market sentiment hasn't reached the level of crazy FOMO yet. It seems more like the whales are controlling the market and shaking out weak-handed retail investors through volatility. As long as the fundamentals remain intact, such adjustments often present good opportunities to add positions.
From a fundamental perspective, the mainnet launch of EVM, exchange integrations, and the RWA narrative could all serve as catalysts. Once these are realized, a market cap increase from the current 57 million to 100-200 million USD is plausible, which could push the coin price to 0.2-0.4. Of course, this is a more optimistic estimate; the actual trend will depend on the overall market sentiment and news flow.
My plan is to start accumulating if the price drops back to around 0.11, with a strict position limit below 10%. No chasing highs or holding a full position—just maintaining a certain level of participation. Small-cap coins can rise very quickly once they start moving, and missing out entirely would be quite unfortunate.