$SOPH This volume surge is definitely not a normal rebound.
In the spot market, within the day it’s gone berserk—up more than +25% intraday. In the perpetuals over the past 24 hours, trading volume exploded and broke through $52 million. Total open interest (OI) across the entire network has pushed past 1.66 billion coins. Intraday, it’s tested and stalled twice at the strong resistance around 0.00553, but the pullback has been extremely narrow (only 3%). Downside support is unusually firm.
The real focus in this long-vs-short melee isn’t whether this is just follow-the-crowd speculation—it’s how many rounds the shorts’ defense line can still hold. High-level consolidation with shrinking volume is clearly a buildup in preparation, indicating that some main/large-player funds are quietly accumulating to force a squeeze.
Keep an eye on the 0.00512 support level. If the pullback holds and a volume-backed engulfing pattern forms above 0.00553, this round of shorts will be completely punctured. If a sell-off breaks through 0.00512 on heavy volume, beware of liquidity being trampled after a possible false breakout.
With this so-obvious “sniper-targeting” pattern from the main players, do you have what it takes—you who just rushed in to catch the falling knife? Drop a 1 in the comments to see how things are playing out.
I don't get it anymore. In the 5-point alpha ememe event, I just bought a 71u low-exit token issuance event. Just the low exit took 6u from me. Go ahead and grab it.
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