Open interest and price are moving in the same direction.
Here’s a point-by-point look at the current market for $MAGIC :
· Price: 0.1572 (24h +115.01% / 1h +2.81%)
· Trading volume is 0.6 times the average over the past 6 hours; 24h trading volume: $609 million
· Change in open interest: +72.80%
· Global long/short ratio: 0.59
· Current funding rate: 0.002%
Several indicators confirm the same trend, so it may be best to wait and see.
This is my personal opinion and not investment advice.
What do you think of this price level?
#MAGIC #Trending
Here’s a point-by-point look at the current market for $MAGIC :
· Price: 0.1572 (24h +115.01% / 1h +2.81%)
· Trading volume is 0.6 times the average over the past 6 hours; 24h trading volume: $609 million
· Change in open interest: +72.80%
· Global long/short ratio: 0.59
· Current funding rate: 0.002%
Several indicators confirm the same trend, so it may be best to wait and see.
This is my personal opinion and not investment advice.
What do you think of this price level?
#MAGIC #Trending