Token Age Consumed - Assets to Watch
Token Age Consumed has been a steadfast metric our community has relied upon to spot mid to long-term price direction reversals. This extremely useful Santiment metric reveals the amount of tokens changing addresses, multiplied by the time since they last moved.
This metric is often used to spot local tops, but it can also be used to see signs of dormant tokens moving with the intention of pushing UP prices. Some examples of some recent spikes on this metric are given in the following assets below:
Chainlink's pattern of Friday age consumed spikes continued with its largest occurring a couple days ago. Be careful with one occurring at a local top.
Kyber Network ($KNC)
Kyber Network is seeing the beginnings of a rebound, and some major dormant token movement appears to be supporting it!
Without an age consumed spike supporting 0x's price rebound, we're a bit pessimistic about a higher high.