C +62.94% Daily Surge Driven by Short-Term Momentum

On SEP 11 2025, C surged by 62.94% within 24 hours to reach $9.929, marking a continuation of a sharp upward trend that has seen the asset climb 199.61% over seven days and 307.79% in a month. While the longer-term context shows a steep decline of 3586.31% over the past year, the recent performance highlights a reversal in sentiment and a return to bullish momentum.

The rapid increase over the past 24 hours has drawn attention to C’s sudden turnaround, particularly given its historically volatile nature. The 62.94% gain represents the largest daily move in recent memory and suggests a convergence of multiple factors, including market positioning, algorithmic trading behavior, and potential short-covering activity. Analysts project that short-term bullish momentum could extend into the next few sessions, depending on the sustainability of buying pressure.

The 7-day and 1-month price movements reinforce the notion of a developing short-term trend. With a 199.61% gain in seven days and a 307.79% increase over a month, the asset has transitioned from a bearish environment to a sharply bullish one. These numbers indicate a significant realignment in market sentiment, potentially driven by a shift in on-chain activity or macroeconomic signals that had previously been underappreciated.

Technical indicators show that C is currently operating within a strong uptrend, with momentum indicators like RSI and MACD suggesting overbought conditions but also reflecting aggressive buying. The sharp rise has not yet triggered significant selling pressure, which could indicate that the move is being supported by a broad range of market participants.

Backtest Hypothesis

A proposed backtesting strategy involves using a breakout model based on the asset’s 20-day high and low. The strategy enters long on a close above the 20-day high and exits short on a close below the 20-day low. Given the recent performance, this model aims to capture sharp momentum while limiting exposure to potential reversals. The parameters are designed to capitalize on the trend without overleveraging the position.