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RESOLV on-chain concentration reaches 48.92%, with chips mostly controlled by large investors. This project adopts a stablecoin model anchored to the US dollar by collateralizing Ethereum and Bitcoin. Due to the underlying assets' price volatility, hedging contracts are used to prevent de-pegging. All such collateralized stablecoins share a common characteristic—heavy reliance on the stability of the collateral's value.
Honestly, since the Luna crash, confidence in this type of stablecoin has not fully recovered.
From a technical perspective, the current price has already broken through the upper Bollinger Band, with the band opening further upward, indicating increasing upward momentum. The MACD indicator has formed a golden cross, trading volume has significantly increased, and market activity is notably more active, suggesting a short-term bullish trend.
But to be clear—this coin is basically hijacked by large investors. Both technically and fundamentally, it can be easily manipulated by a few people. If you decide to participate, don't be greedy; take profits and exit promptly, and don't expect to master the entire market wave.