$IOST The two levels left in the previous post: this time, price tested lower first, then pushed higher. It broke below 0.001024 intraday and hit a low of 0.000991, but reversed before reaching 0.000967. It then reclaimed 0.00125, with the four-hour high climbing to 0.001447. The current price is 0.001301 USDT, about 10% below the high. The 24-hour return on paper has moved from +36.39% at the time of the previous post to +74.87%.
Costs have moved in the opposite direction. The funding rate was hovering near zero at the time of the previous post, but this time it has fallen to -0.325%. The mark price, at 0.001284, is still about 1.3% below spot. Prices are rising, while funding costs have tipped into negative territory—the rally hasn't yet received confirmation from the cost side.
Volume has indeed picked up: 24-hour trading volume is around 26.68 million USDT, roughly 50% higher than the 17.53 million at the time of the previous post. But nearly all of the advance came in the first three hours. The final hour moved just -0.23%, retreating after touching the high.
Watch two levels from here: reclaiming and holding above 0.001447 would be needed before talking about another leg higher; a close below this hour's low of 0.001233 would interrupt the current push. The next funding-rate settlement is at 20:00 Taipei time. If the reading continues deeper into negative territory, the divergence on the cost side will widen further; a move back toward zero would be the first sign of relief.
Keep the other side in mind, too: this four-hour candle's low was 0.000991 and its high was 0.001447, a spread of more than 46%. The swings are naturally large. The high didn't hold, but for now it's unclear whether this was just a pause to catch its breath or whether most of the momentum has already been spent.
#MarketAnalysis
Costs have moved in the opposite direction. The funding rate was hovering near zero at the time of the previous post, but this time it has fallen to -0.325%. The mark price, at 0.001284, is still about 1.3% below spot. Prices are rising, while funding costs have tipped into negative territory—the rally hasn't yet received confirmation from the cost side.
Volume has indeed picked up: 24-hour trading volume is around 26.68 million USDT, roughly 50% higher than the 17.53 million at the time of the previous post. But nearly all of the advance came in the first three hours. The final hour moved just -0.23%, retreating after touching the high.
Watch two levels from here: reclaiming and holding above 0.001447 would be needed before talking about another leg higher; a close below this hour's low of 0.001233 would interrupt the current push. The next funding-rate settlement is at 20:00 Taipei time. If the reading continues deeper into negative territory, the divergence on the cost side will widen further; a move back toward zero would be the first sign of relief.
Keep the other side in mind, too: this four-hour candle's low was 0.000991 and its high was 0.001447, a spread of more than 46%. The swings are naturally large. The high didn't hold, but for now it's unclear whether this was just a pause to catch its breath or whether most of the momentum has already been spent.
#MarketAnalysis