Technically, the open interest data and price for $IRYS have diverged (open interest is falling while the price is rising): open interest over 24 hours: -12.33%; price: +18.75%; current price: 0.03465.
Watch for two things next:
First, whether open interest starts rising again—a rebound could indicate new buyers stepping in. Second, whether the price starts losing momentum. If open interest keeps falling while the price stalls, it likely means short covering is nearly over.
#IRYS
Watch for two things next:
First, whether open interest starts rising again—a rebound could indicate new buyers stepping in. Second, whether the price starts losing momentum. If open interest keeps falling while the price stalls, it likely means short covering is nearly over.
#IRYS
