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First rises then falls, the roller coaster is full
$IN previously experienced a violent surge, rushing from a low point all the way up to around 0.133. During that rally, many people shouted "Cat Warrior is taking off" and "100x gains are coming."
And what happened? After reaching 0.133, a large bearish candle directly smashed through the ground
Why did it fall like this? Sister Long checked historical data and found:
Buyers' strength was severely overextended. The price stubbornly held at 0.0979, but trading volume shrank sharply, a typical divergence of volume and price. Market depth showed sell orders were 20% more than buy orders, and selling pressure above kept piling up.
What does RSI at 93 mean? Normally, exceeding 70 indicates overbought, and 93 is "extremely overextended." Buyers couldn't keep up, so a fall was inevitable.
The script of meme coins is always like this — when they are pumped, you don’t believe it; when you believe it, it’s time to catch the bag.