🔥 $ONE Came in a -22% with Extremely Negative Funding Rate: Imminent Rebound or More Downside?
The $ONE Perpetual pair is going through a high-tension session, trading around $0.002920 with a strong -22.68% correction over the last 24 hours.
The most striking thing on the chart isn’t just the drop, but the Funding Rate at -0.77389%. When the funding rate becomes so extremely negative, it means traders are paying extremely high commissions to hold their short positions (Shorts). Historically, this scenario tends to create fertile ground for an aggressive Short Squeeze if buying volume enters.
📊 Key levels to watch:
🔴 Resistance: The $0.00364 area concentrates a strong density of sell limit orders.
🟢 Support: The zone between $0.00266 and $0.00246 represents the critical defense level for buyers.
💡 Market scenario: If the bulls manage to defend the current support, massive short liquidations could catapult the price toward the upper part of the channel. On the other hand, losing support at $0.00266 would accelerate the sweep of liquidity.
👇 What do you think about $ONE ?
Do you believe the negative funding rate will trigger a violent rebound or break the support to seek new lows? Leave your analysis in the comments!
#Oneusdt #HarmonyOne #BinanceFutures #cryptotrading #BinanceSquare
The $ONE Perpetual pair is going through a high-tension session, trading around $0.002920 with a strong -22.68% correction over the last 24 hours.
The most striking thing on the chart isn’t just the drop, but the Funding Rate at -0.77389%. When the funding rate becomes so extremely negative, it means traders are paying extremely high commissions to hold their short positions (Shorts). Historically, this scenario tends to create fertile ground for an aggressive Short Squeeze if buying volume enters.
📊 Key levels to watch:
🔴 Resistance: The $0.00364 area concentrates a strong density of sell limit orders.
🟢 Support: The zone between $0.00266 and $0.00246 represents the critical defense level for buyers.
💡 Market scenario: If the bulls manage to defend the current support, massive short liquidations could catapult the price toward the upper part of the channel. On the other hand, losing support at $0.00266 would accelerate the sweep of liquidity.
👇 What do you think about $ONE ?
Do you believe the negative funding rate will trigger a violent rebound or break the support to seek new lows? Leave your analysis in the comments!
#Oneusdt #HarmonyOne #BinanceFutures #cryptotrading #BinanceSquare
