In the past 24 hours, the price increase has nearly reached 43%. While the previous hour still saw rising volume and a push upward, the short-term trend has already shown a clear pullback. According to public data from Binance at 09:37 (UTC+8), the perpetual contract for $SOON is at 0.4114, up 42.90% over 24 hours, with trading volume of about 185 million USDT.
The previous full hour rose 3.09%, with trading volume of about 19.90 million USDT, up 113.77% month-over-month; over the last 4 hours, the cumulative gain is 6.12%. However, the current price is down 3.59% from that hour’s close of 0.4267, indicating that the support at the high level is not stable.
⚠️ The OI (open interest) for quantity has increased by 0.94% in the last hour, and by 7.68% within a 30-point window. The Funding indicator is +0.0416%, and the most recent settlement was +0.0370%. When the price pulls back, positions are still expanding and the funding rate remains slightly positive. This could mean that trend-following longs are continuing to enter, but it can also amplify the risk of leveraging for long positions; OI alone cannot determine the direction of the newly added positions.
0.4347 is the short-term confirmation level. If it breaks upward again on renewed volume and OI does not run out of control with an accelerating increase, then the uptrend would have a basis to continue; if it breaks below 0.4015 and is accompanied by a contraction in OI, I will first reduce leverage from the high level, and I won’t chase the move up.
The previous full hour rose 3.09%, with trading volume of about 19.90 million USDT, up 113.77% month-over-month; over the last 4 hours, the cumulative gain is 6.12%. However, the current price is down 3.59% from that hour’s close of 0.4267, indicating that the support at the high level is not stable.
⚠️ The OI (open interest) for quantity has increased by 0.94% in the last hour, and by 7.68% within a 30-point window. The Funding indicator is +0.0416%, and the most recent settlement was +0.0370%. When the price pulls back, positions are still expanding and the funding rate remains slightly positive. This could mean that trend-following longs are continuing to enter, but it can also amplify the risk of leveraging for long positions; OI alone cannot determine the direction of the newly added positions.
0.4347 is the short-term confirmation level. If it breaks upward again on renewed volume and OI does not run out of control with an accelerating increase, then the uptrend would have a basis to continue; if it breaks below 0.4015 and is accompanied by a contraction in OI, I will first reduce leverage from the high level, and I won’t chase the move up.
