$MINA There’s something going on here.
In 15m, it rose 2.57%. The volume surged straight to 2.43x; the Z value is 3.24. The close has broken above the upper bound of the past ~20 of the 5m candles. The key is OI—OI is up 2.42% over 1h, and the 15m is also adding along with it; the abnormal percentile is 95%, and the whole pool ranks at #12.
Price is up + OI is up—not like short covering from a hollow fake move. It looks more like new-leverage longs are entering. The aggressive volume is down 22.4%, buy/sell ratio is 1.58, and the buy side is clearly more aggressive.
Over 24h, the traded value is only 16.76M; the pool isn’t that deep. In this kind of spot, if there’s sustained capital pushing, the upside elasticity could be relatively large. But on the flip side, insufficient depth also means the cost of a false breakout is low—so you need to watch whether OI can keep stacking.
For now, set a watch level and see whether this 15m candle’s continuation holds after it closes.
In 15m, it rose 2.57%. The volume surged straight to 2.43x; the Z value is 3.24. The close has broken above the upper bound of the past ~20 of the 5m candles. The key is OI—OI is up 2.42% over 1h, and the 15m is also adding along with it; the abnormal percentile is 95%, and the whole pool ranks at #12.
Price is up + OI is up—not like short covering from a hollow fake move. It looks more like new-leverage longs are entering. The aggressive volume is down 22.4%, buy/sell ratio is 1.58, and the buy side is clearly more aggressive.
Over 24h, the traded value is only 16.76M; the pool isn’t that deep. In this kind of spot, if there’s sustained capital pushing, the upside elasticity could be relatively large. But on the flip side, insufficient depth also means the cost of a false breakout is low—so you need to watch whether OI can keep stacking.
For now, set a watch level and see whether this 15m candle’s continuation holds after it closes.