This looks like a bulltrap mixed with scores of misplaced optimism/desperation.
Yeah after 8 days of downtrend we go up and its a bull trap. Lol. No it's traders trading the obvious oversold coin higher. Whether this is a bull trap depends on if bigger buyers take over this move and decide its time to get (back) in. If not we will go down again. If so, we will challenge the trend line at 620.