$GLMR The 0.013441 you were watching in the previous post—this round briefly pushed above it, topping out at 0.013683, but it didn’t hold. Current price: 0.012626 USDT, about 7.7% retracement from the high point, roughly back to the price level from the previous post.
Of the two directions mentioned in the previous post, neither played out this time. Downward, it also didn’t break below 0.011338 again; instead, the 4H low was lifted to 0.012404. Overall, the whole range has shifted up one step. The fee side also remains unchanged: after the settlement crossing 16:00 Taipei time, the readings still stayed at 0.0%, and the cost side still hasn’t picked a direction.
Short-term momentum has cooled off: over the last hour, it’s -0.61%. The 24H P&L slipped from near 50% down to +40.9%. Trading volume is about 16.98 million USDT, slightly higher than in the previous post.
Two verifiable points ahead: first, if it recovers 0.013683 and holds, then a further push upward can be considered. Second, if it falls back below the 4H low at 0.012404, then the cooling turns from consolidation into continued selling. The next funding rate settlement is at 00:00 Taipei time on Monday: the reading leaving 0.0% would mean the cost side has truly committed; if it continues to stay at 0.0%, the disagreement remains.
There’s also a bearish possibility: if the breakout up doesn’t hold and the fee rate keeps stuck at 0.0%, it could just be range consolidation after a sudden spike, with the real direction not yet chosen.
#Market analysis
Of the two directions mentioned in the previous post, neither played out this time. Downward, it also didn’t break below 0.011338 again; instead, the 4H low was lifted to 0.012404. Overall, the whole range has shifted up one step. The fee side also remains unchanged: after the settlement crossing 16:00 Taipei time, the readings still stayed at 0.0%, and the cost side still hasn’t picked a direction.
Short-term momentum has cooled off: over the last hour, it’s -0.61%. The 24H P&L slipped from near 50% down to +40.9%. Trading volume is about 16.98 million USDT, slightly higher than in the previous post.
Two verifiable points ahead: first, if it recovers 0.013683 and holds, then a further push upward can be considered. Second, if it falls back below the 4H low at 0.012404, then the cooling turns from consolidation into continued selling. The next funding rate settlement is at 00:00 Taipei time on Monday: the reading leaving 0.0% would mean the cost side has truly committed; if it continues to stay at 0.0%, the disagreement remains.
There’s also a bearish possibility: if the breakout up doesn’t hold and the fee rate keeps stuck at 0.0%, it could just be range consolidation after a sudden spike, with the real direction not yet chosen.
#Market analysis
