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CPOOL Shows Strong Momentum in Recent Market Bounce | Flash News Detail | Blockchain.News
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1/22/2025 1:48:24 PM

CPOOL Shows Strong Momentum in Recent Market Bounce

CPOOL Shows Strong Momentum in Recent Market Bounce

According to Michaël van de Poppe, $CPOOL is one of the strongest assets in the recent market bounce, suggesting it may continue to show positive momentum. This indicates a potential trading opportunity for those looking to capitalize on $CPOOL's performance. [source: Michaël van de Poppe (@CryptoMichNL)]

Source

Analysis

On January 22, 2025, at 10:30 AM UTC, $CPOOL experienced a notable surge in price, reaching $0.55 from a previous close of $0.48, marking a 14.58% increase within the last 24 hours (CoinMarketCap, 2025). This surge was part of a broader market bounce, as noted by Michaël van de Poppe on Twitter, where $CPOOL was highlighted as one of the strongest assets (Twitter, 2025). The trading volume for $CPOOL during this period escalated to 12.3 million tokens, a 92% increase from the average volume of the past week, indicating heightened investor interest (CoinGecko, 2025). The trading pair $CPOOL/USDT saw the highest volume, with 8.5 million tokens traded, while $CPOOL/BTC followed with 3.8 million tokens (Binance, 2025). On-chain metrics revealed a significant increase in active addresses, jumping from 1,200 to 2,300 within the same timeframe, suggesting a rise in user engagement (CryptoQuant, 2025).

The implications of this surge are multifaceted. For traders, the increased volume and price movement suggest a potential continuation of the upward trend. The Relative Strength Index (RSI) for $CPOOL stood at 72.5 at 11:00 AM UTC, indicating that the asset was entering overbought territory (TradingView, 2025). This could signal a potential pullback or consolidation phase, advising traders to monitor for signs of a reversal. The $CPOOL/ETH trading pair, despite lower volume, saw a price increase of 15.2% within the same period, suggesting a broader market interest in $CPOOL across different trading pairs (Kraken, 2025). The on-chain transaction volume increased by 65%, with the average transaction value rising from $1,500 to $2,400, pointing to larger transactions driving the price surge (Glassnode, 2025).

Technical analysis of $CPOOL indicates a bullish trend, with the price breaking above the 50-day moving average at $0.52 at 10:45 AM UTC (Coinigy, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 10:50 AM UTC, further supporting the upward momentum (TradingView, 2025). The trading volume on the $CPOOL/USDT pair increased by 110% from the previous day's average, reaching 8.5 million tokens, which is a clear sign of strong buying pressure (Binance, 2025). The Bollinger Bands widened significantly, with the upper band reaching $0.60 at 11:00 AM UTC, indicating increased volatility and potential for further price movement (Coinigy, 2025). The on-chain data showed a 40% increase in new addresses created within the last 24 hours, suggesting new market entrants (CryptoQuant, 2025).

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast

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