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Everyone is looking elsewhere while $ID
is doing something very specific right here.
If you look closely at the daily chart, it’s been a painful slide from the 0.06 level. But look at the last few candles near 0.0401. The price action is starting to flatten out significantly. We aren't making new lows anymore, which is usually the first sign that the sellers are finally exhausted.
Right now we’re at 0.0418. The volume is still quite low, so there's no explosive energy yet, but the order book is leaning 55% towards the buyers. It looks like a slow accumulation phase is starting.
The next real test is the 0.045 area. If we can reclaim that, the trend might actually shift. Until then, it’s just a game of patience. I’m watching that 0.040 psychological support like a hawk. If that holds for another few days, the bottom might officially be in.
#GoldmanBecomesXRPETFLargestHolder