What’s with the 5.3 $USUAL Orders? 🤔
Have you noticed those recurring 5.3 $USUAL sell orders in the order book every time the price attempts to rise? It’s been happening for a few days, and it’s hard to ignore. Here are some possibilities:
1️⃣ Market Maker Bots:
It could be an algorithm strategically placing these orders to stabilize or manipulate the price, ensuring it doesn’t rise too quickly.
2️⃣ Psychological Barrier:
Such orders can create artificial resistance, discouraging buyers and giving the illusion of strong selling pressure.
3️⃣ Whales or Institutions:
These might be intentional moves by large holders aiming to accumulate more tokens at lower prices.
4️⃣ Liquidity Management:
Sometimes, projects or exchanges place these to manage liquidity in the market.
Why is this happening?
It’s likely to maintain a controlled price action until a specific event or milestone, such as an announcement, TVL, staking, or market conditions, aligns with their strategy.
Your Thoughts?
Have you noticed this trend too? Share your take below—let’s decode this together! 🔍