The trading volume for $MEGA is 3.6 times the usual level, but the price has only risen 0.2% — this volume is changing hands quietly!
Current price is 0.04713, 0.04702 an hour ago, 24h high 0.04799, low 0.04131, and 24h trading volume 12.7949 million. In the past hour, the active buy/sell ratio was 0.848, with sell orders 1.18 times buy orders, so selling pressure is still there; but in the past 15 minutes, the active buy/sell ratio has rebounded to 1.036, and buyers have just taken over. Open interest is 4,307,050, up 0.55% in an hour, showing positions are building. Funding rate is -0.0003%, meaning shorts are paying to hold positions.
After a volume surge with stalled price, open interest followed. This move is not over yet. Reclaiming the 24h high of 0.04799 would mean a real breakout; falling below the 24h low of 0.04131 would break the structure.
#MEGA order book
Current price is 0.04713, 0.04702 an hour ago, 24h high 0.04799, low 0.04131, and 24h trading volume 12.7949 million. In the past hour, the active buy/sell ratio was 0.848, with sell orders 1.18 times buy orders, so selling pressure is still there; but in the past 15 minutes, the active buy/sell ratio has rebounded to 1.036, and buyers have just taken over. Open interest is 4,307,050, up 0.55% in an hour, showing positions are building. Funding rate is -0.0003%, meaning shorts are paying to hold positions.
After a volume surge with stalled price, open interest followed. This move is not over yet. Reclaiming the 24h high of 0.04799 would mean a real breakout; falling below the 24h low of 0.04131 would break the structure.
#MEGA order book
