CT has only been listed for one day, and the market has already started a "roller coaster".
Yesterday, just entering the trading market, the price once surged above $0.48, then quickly fell back. Now CT is around $0.44, with a 24-hour trading volume exceeding $300 million.
What's more interesting is that CT is not lacking in trading.
On the contrary, trading is very active.
But the price falling from the high point indicates that early funds are undergoing intense turnover.
At this time, when looking at CT, you can't just focus on the price increase.
First, see if volume can pick up again near $0.48.
This is the previous high and currently the most direct price resistance.
Second, watch the support around $0.40.
If the volume significantly increases when pulling back here, it means the battle between bulls and bears is still ongoing.
Third, look at the contract funds.
Currently, CT perpetual contracts have an open interest of about $3.6 million, with an average funding rate negative, indicating that short-term short positions have a notable presence.
So the truly interesting part about CT now is:
The price has already experienced a round of intense volatility, but the market's price discovery is just beginning.
Look up to $0.48, down to $0.40.
The most exciting thing about new coins is often not the first big green candle.
But where the market ultimately leaves the price after the first wave of heat fades.
#加息预期推迟，9月非农成下一关键#比特币ETF连续9日流入，ETH转流出 #美债收益率频创新高，长期利率压力未缓解 $CT
