How to spot a fake pump in crypto Understanding fake pumps in the cryptocurrency market, especially for coins like $OSMO , $IQ , $LUNA ,$ FIL, and others, requires vigilance and an understanding of market manipulation tactics. Here are a few ways to spot a potential fake pump:
1. **Unexplained Price Surge**: If the price jumps suddenly without news or announcements, it might be fake. 2. **Low Liquidity**: Check if trading volume is low while the price surges—fake pumps often happen in low-liquidity coins. 3. **Pump-and-Dump Groups**: Beware of coordinated groups pushing a coin, then selling it off after the price rises. 4. **No Fundamentals**: If there's no solid news or developments backing the rise, it could be manipulation. 5. **False News**: Fake pumps often use misleading rumors or fake news to drive prices. 6. **Quick Dump After Pump**: A sharp price drop after a quick surge is a classic sign of a fake pump. 7. **Social Media Hype**: Be cautious if the coin is getting hyped by influencers or social media without real backing.
Always research before buying and be wary of sudden, unjustified price moves. #CryptoNewsCommunity
HIVE/USDT is showing strong bullish momentum with a 16.78% increase over the last 24 hours. The asset is currently trading above key support levels, signaling potential further upside. Traders are eyeing breakout levels based on the recent price action and trading volume spikes.
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🎯 Key Targets
1. First Target (Short-Term): 0.6493 USDT
Resistance Level: If the price breaks above the CMP of 0.6200, it will likely test 0.6493. This level aligns with recent highs and significant order-book resistance.
2. Second Target (Mid-Term): 0.6896 USDT
All-Time High of 24h: Breaking above 0.6493 could lead HIVE to retest the 24-hour high of 0.6896. A sustained breakout may trigger FOMO among traders.
3. Third Target (Long-Term): 0.7500 USDT
Psychological Level: Beyond 0.6896, the next major resistance lies at the psychological barrier of 0.7500. Reaching this target would indicate a strong continuation of the uptrend.
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Support Levels
Primary Support: 0.6025 USDT
Secondary Support: 0.5558 USDT
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Indicators to Watch
Moving Averages (MA): The asset is trading near its 5-day MA (2,102,768), reflecting strong volume trends.
RSI: Monitor RSI for overbought conditions, as high gains may lead to a correction.
The number of pi coins locked is quite low. This means that it will enter the market at a very high price. PI day is at 01⁵⁹ on the 14th of March every year. Those who give people digital money and crypto. will meet a new network. congratulations. It is not investment advice
I lost so much money on this coin will never trade it again I don’t care how it does Crazy ridiculous fees
YARE YARE
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‼️🚨 Another Scam Project is on the move…..Do not get trapped in their manipulations……
$HIVE has unreasonably pumped higher than expected in the last 17 hours….Don’t be caught in FOMO….The coin will surely and surely get back to $0.4474 level within 5 days….Don’t say I said it late…..