2026-01-06 22:22:49

Recently, RED's market has been quite interesting, with a 4.33% increase in just a few hours, and many people are paying close attention.

From the data, this rally actually seems quite solid. Over the past 24 hours, the increase has reached 42%, with trading activity on the Solana chain significantly rising. Market capitalization remains stable at $9.74K, and community engagement is quite active. Many technical traders' signals have hit their target prices from earlier positions, and current unrealized gains are around +5.52%.

In terms of market sentiment, about 80% of discussions are positive, and you can clearly feel the FOMO sentiment fermenting. However, it's worth noting that there haven't been any substantial negative news causing a sell-off; it's mainly a combination of fundamental and technical factors driving the upward movement.

On the operational side, many short-term traders are exploring long opportunities in contracts. If you want to get in, the current price around $0.24 can be used as a reference entry point. But here, risk management is crucial—setting a 5% stop-loss is basic practice, especially given the strong momentum, as there is always a risk of a quick pullback after a rally.

The technical trend score has reached 204.65, indicating that the overall momentum is overheating. The divergence rate is quite high, and in the short term, there might be a pullback after a surge, which warrants close attention. In other words, chasing the rally should be cautious, as a correction could be imminent.

SOL-2,72%

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SignatureLiquidator

· 23h ago

RED this wave is quite fierce, but it feels like chasing the high carries a lot of risk, and the momentum is overheated, clearly indicating a pullback is coming. Making quick money requires sticking to stop-losses; otherwise, you'll be wiped out in an instant. Is it really brave to buy at 0.24? I feel like 80% of FOMO is a trap. Honestly, this kind of short-term surge has no solid support; it's purely emotional trading, not sustainable. The hype on Solana is real, but with such a high divergence rate, many people probably got caught off guard in the short term. A 42% increase is indeed tempting, but I've seen too many cases of sharp rises followed by declines, so it's better to wait for a correction. A 5% stop-loss is simply not enough; in this kind of market, the pullback can be much deeper.

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BlockchainArchaeologist

· 01-06 22:50

This wave is indeed a bit hot, but a score of over 200 is really overheated. Be careful when chasing the high.

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AlwaysAnon

· 01-06 22:45

204.65 rating is indeed a bit outrageous. Feels like this is just a false fire before the peak. --- Another FOMO harvesting machine. I've seen 80% positive discussions about this. --- Entering at 0.24? Remember, friends who entered like that last time are still trapped. --- Stop-loss at 5% is just for show; when the price actually drops back, you can't escape. --- The high on-chain activity on Solana actually makes me a bit nervous. Usually, that's a sign of a top. --- A +5.52% gain on paper and thinking it's stable? Let's wait and see if we can hold on before deciding. --- Such a high divergence rate is indeed dangerous. Technical target prices don't guarantee you can get out. --- I haven't heard of that red coin, but this kind of market description sounds like the prelude to a crash. --- Once FOMO sentiment flips, the entry price of 0.24 becomes a set trap. --- The absence of negative news is the biggest bearish signal. Where does such a clean rise come from?

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ParanoiaKing

· 01-06 22:27

Getting in around 24? I think I'll wait a bit longer; this hype is too high, it's easy to get caught holding the bag.

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BlockchainBard

· 01-06 22:24

The momentum is so hot that the divergence rate is telling us a correction is coming... FOMO is FOMO, but chasing in at this time isn't getting on the train, it's just riding along with others.

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