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B3 continues to strengthen on the Base chain, with a total increase of 18.51% within 24 hours, and trading volume surging by 137.81%. Open interest has skyrocketed by 30%, and this wave of market activity has indeed attracted a lot of attention.
From a fundamental perspective, B3's position as a top-tier gaming token on the Base chain is gradually being confirmed. The bullish vote in the community reaches as high as 87%, and market participation has significantly increased. At the same time, overall community sentiment remains at around 90% positive, a level of high consensus that is uncommon.
However, it should be noted that short-term momentum is indeed overheated, with the divergence rate at a high level. If you are considering participating in contracts, you might consider a short-term long position, but it is more prudent to limit the target increase to around 20%. Additionally, set a stop-loss 5% below the current price to effectively prevent a pullback risk.
After all, rapid rises are often accompanied by a pullback after reaching a high, so caution is advised when chasing the peak.