Definition. The L1 Momentum Signal evaluates the propensity of a Layer 1 ecosystem to move into an exponential trend, either positive or negative. It can be used to gauge the likelihood of a short-term exponential price momentum continuing and intensifying.

Technical. Based on a proprietary statistical method that identifies whether the underlying distribution of an asset's returns has departed from its usual structure. Data at 1-hour resolution is updated every 6 hours due to a data-source limitation for this metric.

Notes. For more information, see the signals dashboard.