RSR is up 13.5% while the rest of DeFi bleeds — and I'm not buying the comeback story.
Nothing new happened. The listing that started this run is four weeks old; the burn vote behind the supply story is six weeks old. What's pushing it: funding is deeply negative across venues — Binance around -176% a year — so shorts are paying longs, while open interest is up 18% in a day. That's a thin, crowded-short tape squeezing, not fresh demand. The move is real — $0.00176 now, up from $0.00140 a week ago — but it's built on positioning, not a catalyst. Support $0.001659, yesterday's close turned shelf; resistance $0.00180, today's high, then $0.00282, October's spike top. I'm wrong above $0.00180 — that's where the fade thesis dies.
The tell isn't the price, it's the funding. What flips first — shorts covering, or the tape giving back the move?
NFA, DYOR.
$RSR #Crypto #DeFi #ShortSqueeze #ReserveRights
Nothing new happened. The listing that started this run is four weeks old; the burn vote behind the supply story is six weeks old. What's pushing it: funding is deeply negative across venues — Binance around -176% a year — so shorts are paying longs, while open interest is up 18% in a day. That's a thin, crowded-short tape squeezing, not fresh demand. The move is real — $0.00176 now, up from $0.00140 a week ago — but it's built on positioning, not a catalyst. Support $0.001659, yesterday's close turned shelf; resistance $0.00180, today's high, then $0.00282, October's spike top. I'm wrong above $0.00180 — that's where the fade thesis dies.
The tell isn't the price, it's the funding. What flips first — shorts covering, or the tape giving back the move?
NFA, DYOR.
$RSR #Crypto #DeFi #ShortSqueeze #ReserveRights
