It is likely that one, two, or even all three cryptocurrencies in the image: COW, MASK, and POPCAT, will enter the Top 15 intraday performers in the perpetual futures market this week.
They have the potential to far exceed the market average.
It would not be surprising if at least two of them achieve a 15% increase in a single day. 🚀
The COW cryptocurrency has entered a stage of active participation.
It is likely that, starting next week, it will experience outstanding performance, positioning itself among the top 15 cryptocurrencies with the highest increase in the futures market. 🚀
Our goal in analyzing the futures market is to identify which of the 300+ cryptocurrencies could enter the Top 15 intraday performers, focusing on detecting moves of more than 20%.
To achieve this, we carefully examine:
- The order book, which reveals the buying and selling intentions of participants.
- The clusters, which identify areas of high concentration of operations.
- The volume, a key indicator to measure the interest and strength behind the movements.
This week we made progress with POPCAT, which has already entered this group, while COW is close to doing so.
We are confident that POPCAT, despite its recent fall, will return to the Top 15 intraday performers before January 10. 🚀
Major traders are accumulating long positions in OM, and although the current percentage of long positions is low (29.81%), it could reflect a favorable imbalance towards demand.
Additionally, 50.49% of the main accounts are in long positions in the futures market.