$BTC BTC HAEDAL recently surged 21% to $0.1221 a day after being listed on the South Korean exchange Upbit. This coin belongs to the Sui ecosystem, with the main function of allowing users to earn interest while helping to improve the security of the blockchain network. The project team will also regularly buy back and destroy tokens, which theoretically can reduce market selling pressure and is beneficial for long-term prices.
There are three reasons for the short-term bullish outlook:
First, the enthusiasm from being newly listed on a major exchange has not faded;
Second, technical indicators show a MACD golden cross and RSI divergence, both classic bullish signals;
Third, major funds are clearly playing the 'washing' game, first smashing the price to create panic, then suddenly ramping it up with increased trading volume, similar to the manipulation methods before Ethereum's breakout last year.