Currently, the daily K-line trend of
#uxlink on Binance contracts shows a very obvious upward trend, and it is currently at a resistance level near the previous high.
Looking at the market trends, CMC data shows that UXLINK's trading volume has surpassed $1 billion in the past 24 hours, ranking it among the top ten in the entire network, surpassing
$LINK (the new coin on Binance above UXLINK is
$VANA ).
With a circulating market value of less than $200 million, it has achieved nearly $1.6 billion in total network trading volume, which is outrageous. Analyzing the sources of the trading volume, the trading volume from South Korean exchanges accounts for one-third of the total UXLINK trading volume.
Moreover, this is still the spot trading volume, which clearly shows the short-term FOMO level of UXLINK in Korea 😂
Returning to the topic of resistance levels, according to the FOMO level over there, the market doesn't show any signs of decline. It is estimated that this contract's previous high resistance level will likely be directly broken.
The entry point may be difficult to backtest using our usual Fibonacci methods...