Technical Notes | KAIA | 1-hour open interest +4.21% | Price +49.19%
Definition: Rising open interest means new positions are entering the market; falling open interest means positions are being closed. This includes both voluntary opening and closing of positions, as well as forced liquidations. The key thing to watch is whether open interest moves in the same direction as price or diverges from it.
This time, open interest is up while price is +49.19%, with the current price at 0.0555.
The short-term moving average is starting to flatten out and curl upward. The structure leans bullish, but don’t overlook confirmation on a pullback.
Keep a close eye on the key level. Whether it breaks or holds will determine what happens next.