Karma returns to the return of an inspiring whale for 6 months after the pump losses star-news.press/wp

Main meals

Vine increased by 115.29 % to the highest level in 6 months at 0.157 dollars before restoring a little to $ 0.151 at the time of the press. A wHale bought 22.4 million icons for $ 3.19 million, despite losing $ 125,000 in the pump trade.

The currency comes (Come) 115.29 % has risen in the past 24 hours until the time of the press, as it reached the highest level in 6 months at 0.157 dollars before restoring a little to $ 0.151.

Over the same period, the trading volume increased by 245 %, reaching $ 639 million, while the maximum market jumped by 113 % to 155 million dollars.

The large increase in size, accompanied by a height against the market value, reflects the increasing activity on the chain and increased capital flow.

But what raised the height?

Speculation

Miscellaneous, Vine gathered after Elon Musk speculation about reviving the application. On the official X account, Musk Assume,

“We are repeating the vine, but in the form of Amnesty International.”

These claims inspired investors to rush to the market and overcome symbols. As a result, the dignity demand for all participants in the market, especially whales.

The whale joins the fun

These increasing speculation inspired the whales that came out of the market with a loss to return.

according to LookonchainThe whale withdrew 17,082 Solana code (SOL) with a value of $ 3.19 million to buy 22.4 million vine.

This whale returned to the market despite losing 125 thousand dollars a few days ago, pump codes. When the whales return to the market after the previous losses, they indicate condemnation in the market.

Source: Coinglass

Amid increasing accumulation, the mechanics recorded two consecutive days of the negative Netflow.

As of the writing of these lines, the Netflow decreased from Vine to – 387,000 dollars, a decrease from 730,000 dollars the day before, a clear sign of aggressive accumulation.

Derivatives are also optimistic

Ambrypto analysis of the derivative market revealed that with the shift of whales into accumulation, others rushed to the strategic position of themselves.

According to Coinglass, VINE’s open interest increased by 143 % to $ 175 million, and the size of 265 % to $ 4.88 billion. Usually, when OI and the size of the size reflects the tandem, it reflects the increasing participation in the futures market.

Source: Coinglass

As a result, the long/short memecoin ratio increased to 1.019, reflecting the high demand for long situations. When the demand for longs rises, it indicates that merchants are actively betting on the prices that continue to rise.

What are the momentum indicators you say

According to Ambrypto analysis, Vine has risen as speculative buyers, including whales, to the market.

As a result, the relative power index in Memecoin (RSI) rose to 92, and did not touch the lands of the seen.

At the same time, the positive index (+DI) of the directional movement index (DMI) rose to 61, confirming the upward momentum.

Source: TradingView

When momentum indicators are set in this way, they indicate a strong upward momentum and their ability to continue.

However, if buyers continue at the current pace, Vine will restore $ 0.20 and targets $ 0.23.

However, if speculation fades and the demand disappears as it appeared for the first time, Memecoin will be disrupted and decreased to $ 0.065.