ONE is up about 2% today; it’s now at 0.001227u, still hovering near its all-time low with no improvement.

Today, ERA and a bunch of coins in the market that had been crushed recently are all exploding higher. The inflation data came in below expectations, and market sentiment has been picking up; risk appetite is back. But ONE hasn’t basically kept up with this move, which suggests the market is no longer interested in it. Even with sentiment recovering, it can’t move it.

This coin’s 50-day moving average is still being pushed downward. The 200-day moving average has been slowly bleeding since June 21. Technically, across multiple cycles it’s still bearish. A trend that’s bearish across the entire cycle suggests this isn’t a short-term sentiment issue—there’s simply no long-term buyer willing to take the bag.

Compared with the coins that are broadly up today, ONE is an old coin that can’t even ride on sentiment repair. You can basically conclude that the market has already categorized it as being in the “beyond saving” group.#GUSD年化升至3.8% $ONE