A cryptocurrency experienced a significant price fluctuation shortly after the opening of spot trading. The price initially dropped to $0.64, but quickly surged to $1.20, indicating substantial buying activity from a major investor.
Market analysts suggest that this investor may have sold half of their holdings the previous night and is expected to sell the remaining portion once the price reaches a stable support level around $1.50. This behavior highlights the potential for further price increases, with expectations that the cryptocurrency could reach the $1.50 mark as market conditions evolve.