A token launched by the Real World Gaming DAO and MMA superstar Conor McGregor raised just $390,000 over its 28-hour presale period, failing to hit the apparent $1,008,000 minimum raise to launch. The token’s failure to launch indicates a market shift away from celebrity-backed tokens as the crypto market struggles and memecoin trading volume continues to diminish.
The 2-hour cycle K-line shows that although prices have been under pressure recently, the main large orders are showing a clear bullish trend. In the past 12 hours, the net inflow of the main force reached $286 million, and the buy order turnover reached $474 million, far exceeding the sell order by $187 million. Especially at 21:23 and 01:21 last night, there were two main force buy orders exceeding $30 million, indicating that the main force funds are actively laying out to attract funds from the bottom.
However, the current K-line pattern is showing a belt catching trend, and the price is below the EMA24/52 moving average, indicating that the market is still suppressed by bears. Combined with a surge in trading volume of 727%, panic selling may be nearing its end, and the main force has a strong willingness to protect the market.
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The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
