$SNDK is experiencing a dual divergence between the funding rate and the price-volume structure. Prices have been sliding lower in consecutive candles. Even though most whale accounts still hold long positions, the spot buy walls are unable to hide the fact that downstream support is running on empty. More importantly, the funding rate has been staying negative. In the past, multiple readings were only positive once—indicating that the short side on the contract market is willing to subsidize the cost to enter, while price still can’t squeeze out even a decent rebound. This isn’t “someone propping it up”; it’s “someone using support to offload.” Open interest is shrinking in tandem—real money is exiting—leaving the remaining heavily weighted long positions as fuel for the next leg down. From a technical standpoint, short-term moving averages have been fully broken down, and the bearish rhythm is intact. The direction is clearly bearish, and after a breakdown, the downside may accelerate.
$BTC

📊 Technical Analysis:
Current Price: 1460.46 USDT
🟢 Support Level: 1457.08 (near support; consider setting up longs)
Support Zone: 1436.18 - 1436.52
🔴 Resistance Level: 1488.12 (close to resistance; be mindful of risk)
Resistance Zone: 1488.12 - 1516.58

💡 Entry Strategy: Near the support level, you can place orders to go long; if price breaks below support, stop out.
$SNDK