Recently, BAN coin surged by 7.04% in just 12 hours, and many people are wondering if the wind is coming. I specifically dug into the story behind it and found that the situation is a bit complicated.
From the news perspective, there hasn't been any significant positive news dropping down. It's mainly just scattered discussions within the community, with some analyzing charts, claiming to see a potential head and shoulders reversal pattern, while others are discussing the possibility of a slight rebound. But to be honest, none of these are institutional-level buy signals, nor have I heard of any collaboration announcements.
I am more cautious about the market sentiment. The overall atmosphere is about fifty-fifty - mainly neutral. There are indeed posts talking about a pump, but the interaction is average, and it's mostly retail investors guessing, with no solid backing.
My suggestion is: this wave of rise is not worth rushing to follow the trend. The reason is straightforward - it lacks real news support and is completely flavored with FOMO, and the cryptocurrency market has indeed been very volatile lately. Rather than chasing the highs, it’s better to wait and see if any more solid signals emerge. This way, you can avoid quite a bit of risk.
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Recently, BAN coin surged by 7.04% in just 12 hours, and many people are wondering if the wind is coming. I specifically dug into the story behind it and found that the situation is a bit complicated.
From the news perspective, there hasn't been any significant positive news dropping down. It's mainly just scattered discussions within the community, with some analyzing charts, claiming to see a potential head and shoulders reversal pattern, while others are discussing the possibility of a slight rebound. But to be honest, none of these are institutional-level buy signals, nor have I heard of any collaboration announcements.
I am more cautious about the market sentiment. The overall atmosphere is about fifty-fifty - mainly neutral. There are indeed posts talking about a pump, but the interaction is average, and it's mostly retail investors guessing, with no solid backing.
My suggestion is: this wave of rise is not worth rushing to follow the trend. The reason is straightforward - it lacks real news support and is completely flavored with FOMO, and the cryptocurrency market has indeed been very volatile lately. Rather than chasing the highs, it’s better to wait and see if any more solid signals emerge. This way, you can avoid quite a bit of risk.