I am trying to analyze what causes some coins to rise in price more than 10% in one day, while no announces actually happen.
1. It does not look like a pump and dump, since the price is growing gradually during the day, not in one minute and not dumping quickly.
2. There were no news on Twitter, media or coinmarketcal.
I will provide couple of examples:
1. DODOBTC - Today - 16 July
2. DODOBTC - 11 July
3. DODOBTC - 6 July
4. EPSBTC - 15 July
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.
The price changes that are related to small coins are a frequent thing that happens, it could be explained by some market manipulation even if it is not instant they could be trying to make people think that the prices are rising or selling according to what they want, and since they are not popular coins there is no news to cover it.