Day 4 of the knockoff season: many people only keep an eye on big coins like SOL, ENA, and AVAX, but the meme sector has also been quietly moving.
Today, TURBO is up nearly 6%. Its current price is about 0.001056 USDT. The 24-hour trading volume is over 11 million USDT, with 167,000 trades. Activity is clearly higher than yesterday.
Most importantly, the funding rate is only 0.005%. This suggests that the longs aren’t piling on leverage aggressively—price is being pushed up by genuine spot buy orders. This kind of rally is relatively healthy and less likely to get instantly liquidated.
Open positions are also stable on the exchange, with no major outflows. That indicates the earlier long positions haven’t been clusteredly closed off, and bullish confidence is still there.
Of course, tonight’s Jackson Hole Fed speech is still a wildcard. Warsh has already signaled a hawkish stance, and the overall market could start swinging at any moment. Meme small-cap coins will likely see even larger price swings—so be sure to control your position size.
Support is at 0.000966. Resistance is at 0.001093, near today’s high.
Click the small card below to quickly check the行情.
Today, TURBO is up nearly 6%. Its current price is about 0.001056 USDT. The 24-hour trading volume is over 11 million USDT, with 167,000 trades. Activity is clearly higher than yesterday.
Most importantly, the funding rate is only 0.005%. This suggests that the longs aren’t piling on leverage aggressively—price is being pushed up by genuine spot buy orders. This kind of rally is relatively healthy and less likely to get instantly liquidated.
Open positions are also stable on the exchange, with no major outflows. That indicates the earlier long positions haven’t been clusteredly closed off, and bullish confidence is still there.
Of course, tonight’s Jackson Hole Fed speech is still a wildcard. Warsh has already signaled a hawkish stance, and the overall market could start swinging at any moment. Meme small-cap coins will likely see even larger price swings—so be sure to control your position size.
Support is at 0.000966. Resistance is at 0.001093, near today’s high.
Click the small card below to quickly check the行情.
