A Xin today talks about the IN coin
Against the backdrop of the booming development of blockchain technology, numerous innovative projects have emerged like mushrooms after rain, and the IN coin is one of the potential digital tokens. It relies on a specific blockchain project that aims to utilize the characteristics of distributed ledgers and smart contracts to solve pain points in traditional industries, creating a more efficient, transparent, and fair ecosystem.
The 24-hour trading volume of IN coin (IN) is 6.373 billion, and the 24-hour trading amount (USDT) is 660 million. The high trading volume combined with significant price fluctuations indicates extremely high market participation and frequent capital inflows and outflows. The current price of IN is 0.09915, which has significantly increased compared to before, with a growth rate of +61.27%, showing strong short-term demand in the market for this trading pair. The highest price within 24 hours reached 0.13200, while the lowest price was 0.05848, indicating large price fluctuations and active market trading, with significant divergence between long and short positions. From the perspective of moving averages, MA(7) is 0.07688, MA(25) is 0.06951, and the current price is far above these two short-term moving averages, forming a bullish arrangement, indicating that the short-term market is in a strong pattern.
Short-term trend: From the daily chart, it can be seen that after experiencing severe fluctuations recently, the price is currently at a relatively high position. The price has rapidly surged in a short time, breaking through several previous K-line highs, showing strong upward momentum. Combined with the increase in trading volume, it indicates that a large amount of capital is flowing in to drive the price up. However, the current price has moved far from the short-term moving averages and faces some pullback pressure. If the subsequent trading volume can remain high, the price is expected to continue to rise after consolidating at high levels; conversely, if the trading volume quickly shrinks, the price may experience a significant pullback.
#山寨币战略储备 $IN