$DAM, after experiencing a 24-hour increase of 19%, has seen its trading volume shrink to 3% of its peak, making this turning point noteworthy.
From a technical perspective, the current 4-hour RSI is at 67 — not yet in overbought territory, but market sentiment accumulation is already quite evident. The 1-hour MACD histogram has turned negative (-0.00011), which usually indicates that short-term momentum is waning. The price remains around 0.02 USDT, but upward movement without volume support often doesn’t go far.
Trading is somewhat like making music. Musicians rarely stick to one style for their entire lives, and market "genres" are constantly shifting — trends, oscillations, reversals appear in cycles. The key is not to predict the next direction but to identify signals that the market is switching. What is the current signal? Volume contraction and a pullback, waiting for new breakout momentum.
**Short-term decision: stay on the sidelines**. No rush to go long, and no reason to rush into short positions either.
The trigger conditions are clear: the entry point for long positions is around 0.0185, and the 1-hour RSI needs to climb back above 50 to confirm momentum recovery. For short positions, a break below the support at 0.0192 is needed, along with the MACD histogram accelerating into negative territory.
In other words, wait for the market to give the answer itself, rather than guessing. Light positions and trial-and-error are always smarter than stubbornly holding on.
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FlashLoanPrince
· 22h ago
With such a significant decrease in volume, how can it still rise? Let's wait for it to fall.
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MetaMasked
· 22h ago
Such a sharp decrease in volume feels like they're holding back a big move.
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TideReceder
· 22h ago
With such a sharp decrease in volume, even a high increase in price is pointless.
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ContractTester
· 22h ago
The pattern of rising on low volume is seen too often; let's wait until it breaks below 0192 before discussing further.
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ILCollector
· 22h ago
The volume has decreased so sharply, it looks uncomfortable. Let's wait and see.
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HashRatePhilosopher
· 22h ago
After a decrease in volume, there are often changes. This time, DAM's success depends on whether it can break through the 0.0185 level.
$DAM, after experiencing a 24-hour increase of 19%, has seen its trading volume shrink to 3% of its peak, making this turning point noteworthy.
From a technical perspective, the current 4-hour RSI is at 67 — not yet in overbought territory, but market sentiment accumulation is already quite evident. The 1-hour MACD histogram has turned negative (-0.00011), which usually indicates that short-term momentum is waning. The price remains around 0.02 USDT, but upward movement without volume support often doesn’t go far.
Trading is somewhat like making music. Musicians rarely stick to one style for their entire lives, and market "genres" are constantly shifting — trends, oscillations, reversals appear in cycles. The key is not to predict the next direction but to identify signals that the market is switching. What is the current signal? Volume contraction and a pullback, waiting for new breakout momentum.
**Short-term decision: stay on the sidelines**. No rush to go long, and no reason to rush into short positions either.
The trigger conditions are clear: the entry point for long positions is around 0.0185, and the 1-hour RSI needs to climb back above 50 to confirm momentum recovery. For short positions, a break below the support at 0.0192 is needed, along with the MACD histogram accelerating into negative territory.
In other words, wait for the market to give the answer itself, rather than guessing. Light positions and trial-and-error are always smarter than stubbornly holding on.