$MEW tests $0.0002979 after a -10.1% decline on $2.1M volume as of 18:51 UTC.
Longs continue paying funding near the 24h low of $0.0002971, with 66% of accounts positioned long.
Binance perpetual open interest rose +4% to $979k as price fell from the $0.0003327 high, showing new contracts entered into the move. The long/short account ratio is 1.92, and funding sits at +0.0050% with longs paying shorts.
No fresh project headlines appear behind the move.
Risk note: Modest $2.1M volume and sub-$1M open interest mean thin liquidity, where a breach of $0.0002971 risks cascading stops across crowded long positions.
With two-thirds of accounts paying funding into the lows, do you see dip-buyers establishing a floor or risking a flush?
Mover Desk · numbers, not hype
#MEW #Solana #MemeCoin #CryptoTrading
Not financial advice. DYOR.
Longs continue paying funding near the 24h low of $0.0002971, with 66% of accounts positioned long.
Binance perpetual open interest rose +4% to $979k as price fell from the $0.0003327 high, showing new contracts entered into the move. The long/short account ratio is 1.92, and funding sits at +0.0050% with longs paying shorts.
No fresh project headlines appear behind the move.
Risk note: Modest $2.1M volume and sub-$1M open interest mean thin liquidity, where a breach of $0.0002971 risks cascading stops across crowded long positions.
With two-thirds of accounts paying funding into the lows, do you see dip-buyers establishing a floor or risking a flush?
Mover Desk · numbers, not hype
#MEW #Solana #MemeCoin #CryptoTrading
Not financial advice. DYOR.
