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Just now I looked at the charts of $4 and I have to say, this thing is really on the move right now. Trading activity has become absolutely crazy — over 10 billion in volume within 24 hours at a price around 0.02666 USDT. For such an inexpensive coin, that's really intense, with lots of capital flowing in and out.
The price itself has surged nearly 18% in the last 24 hours, with a high today of 0.02762. Looking at the candlestick, it’s practically shooting straight up — the trend is extremely strong. From the lows, we’re already up 36%, so many are sitting on profits.
But here’s where it gets interesting: technically, $4 it’s already massively overbought. The moving averages look bullish, of course, but the KDJ indicator shows K at 85, D at 81, and J even at 92 — all well above 80. That’s textbook overbought territory. Historically, such a setup often leads to quick pullbacks.
It feels like a sports car climbing a steep hill: the engine roars (huge volume), the speed is impressive (strong rise), but the warning light on the dashboard is already blinking (indicators in red). For me as a short-term trader, that might still be interesting, but buying back at such levels requires damn caution. A bearish candle and a 10-20% correction become quite realistic. Everyone has to decide for themselves whether to keep pushing or to hit the brakes.