Price change 7d
7-day crypto price variation, short-term trend
The 7-day price variation is a key indicator.
If the price has just started to rise, it is worth considering whether the cause of the rise is justified (e.g., the announcement of an innovative feature) with a view to investing according to the trend-following strategy.
If the price has just started to fall, it is worth checking whether this is a normal and temporary profit-taking following a sharp rise, or whether it is due to bad news that could be more lasting, causing a loss of investor confidence, or whether it is the result of overall volatility in the crypto market.
If there has been a sharp rise over 7 days, it is more advantageous to sell than to buy, or at least to place a stop loss on the portion you are willing to sell.
If there has been a sharp decline over 7 days, this will cause a loss of confidence among investors, which is likely to slow down any potential recovery or even amplify the price decline. It is therefore preferable to study the cause of the fall and then wait for a period of price consolidation before considering a purchase.
Source: coingecko.com. Clicking on the figure takes you to the chart on CoinGecko.