Post
Topic
Board Trading Discussion
Re: Why some small coins rise in price for 10%-20% in a day WITHOUT any news?
by
tvplus006
on 16/08/2021, 18:10:58 UTC
...My best guess is that it has to do with some technical analysis that causes whales to start buying and this is causing some chain reaction, however this is just a guess.. Would love to hear your opinions.

Small coins with a small capitalization are very easy to send to the moon or dump. In the case indicated by you, most likely there is a systematic purchase of coins in order to connect newcomers to such purchases for a subsequent dump. Therefore, for such an increase in the price of the coin, news is not needed at all.