$BTC 🧨 KOGE 🧱#koge KOGE's 12% price increase in the last 24 hours appears to be a technical recovery after excessive selling. However, liquidity risks and a negative market atmosphere continue.

Recovery after excessive selling: RSI value dropped to 26 (the lowest level since the collapse on June 15)

Decreasing selling pressure: Binance Alpha stopped reward farming operations between KOGE/ZKJ on June 17

Market rotation: Neutral crypto sentiment (Fear & Greed Index 43) allowed selective altcoin recoveries

Detailed Review

1. Technical Status

The recovery aligns with multiple excessive selling signals:

- RSI 14 value is 26.28 (the lowest since the abrupt collapse on June 15)

- MACD histogram is at -4.56, indicating a slowdown in bear momentum

- Fibonacci support: Price reacted from a low level around $23.29 (current $37.12, below the 23.6% retracement level at $56.60)

Although indicators suggest that sellers are tiring in the short term, the $322 million trading volume over 24 hours (a 26% decrease compared to June's $4.99 billion volumes) indicates that the strength behind the recovery is weak.

2. Supporting Factors

Binance Alpha's rule changes on June 17 reduced coordinated sell-offs:

- Alpha Points rewards were disabled in KOGE/ZKJ transactions

- A partial solution was provided for liquidity vampire attacks (Polyhedra Network)

However, KOGE is still at risk:

- No locked tokens: 48 Club DAO reiterated that it has not promised not to sell assets in the treasury

- High trading volume (2.57 times the market cap daily trading) increases volatility