SOONNEW ($SOON) fluctuates 111.8% in 24 hours: abnormal buying volume drives price rebound

Volatility Overview

In the past 24 hours, SOONNEW's price rebounded from a low of $0.1521 to a high of $0.3221, currently reporting at $0.2225, marking a fluctuation amplitude of 111.8%. Trading volume surged significantly, with certain periods showing abnormal buying activity driving the rebound.

Brief Analysis of Market Movements

- Abnormal buying volume is the main driver: In the past 24 hours, the price surged rapidly from the low point supported by high trading volume, with no clear news events or official announcements.

- On-chain data remains calm: No significant large transfers, supply changes, or whale activity recorded.

Market Perspectives and Outlook

Market sentiment is leaning short-term bullish. Traders are focusing on the surge in trading volume and technical indicators (such as RSI overbought, MACD turning bullish). It is advised to wait for a pullback before entering, but high volatility risks and potential profit-taking pressure are emphasized.