CITY +59% in 24 Hours Amid Strong Short-Term Rally

On SEP 8 2025, CITY rose by 59% within 24 hours to reach $1.021, marking a dramatic upswing in a single day. Over the past 7 days, the asset surged by 189.24%, while also posting a 39.25% gain over the past 30 days. However, it has declined by 4,541.09% over the last year, reflecting a long-term bearish trend despite the recent short-term optimism.

Analysts project that the rapid rise in the last week and month may be driven by renewed speculative interest and potential catalysts in the ecosystem. While the 12-month decline indicates long-term underperformance, the immediate-term momentum has sparked renewed attention. The sharp daily and weekly movements suggest a possible reversal in sentiment, though it remains unclear whether this is a sustainable trend or a short-term bounce.

Technical indicators suggest a mixed outlook. While the 24-hour and 7-day gains highlight strong upward pressure, the year-over-year loss indicates structural concerns. The recent performance appears to be more of a rally than a turnaround, with momentum concentrated in recent days. This divergence between short-term and long-term trends presents a key analytical challenge.

Backtest Hypothesis

A proposed backtesting strategy aims to evaluate the performance of a dynamic entry/exit framework based on recent momentum signals. The hypothesis is that a strategy triggered by a 7-day price rise above a 30-day moving average—coupled with a short-term RSI threshold—could have captured a significant portion of the recent gains. This approach would be tested against historical data to determine if it could have identified the recent upswing while filtering out noise from the long-term decline. The objective is to validate whether short-term technical triggers are reliable in signaling entry points in a volatile environment. This aligns with the observed price behavior, where rapid upward swings followed extended downtrends.