$RLC The two observations noted in the previous post have both been resolved this round: the price moved above the 0.578 reclaim level and peaked at 0.7396; the funding rate also narrowed from -0.2842% to -0.0266%, nearly returning to the zero line. The divergence seen earlier—price rising while the funding rate remained deeply negative—has almost completely closed this round.
The current price is 0.6899 USDT, about 27% higher than the 0.5416 in the previous post. The 24-hour gain has reached +90.3%, with +28.6% contributed in just the past four hours. Volume has expanded in tandem: 24-hour trading volume is about 25.19 million USDT, roughly 84% higher than the approximately 13.72 million at the time of the previous post.
Over the past hour, price rose first and then fell: it briefly reached 0.7396 before pulling back, for a net change of -2.32%, about 6.7% below the high.
Two verifiable levels to watch next: reclaiming 0.7396 and holding above it would be needed to talk about another leg up; falling below the one-hour low of 0.6752 would turn the pullback from consolidation into a continued decline. The next funding rate settlement is at 05:00 Taipei time: if the reading stays near the zero line, the cooling-off will have truly held; if it slides deeply negative again, the divergence will widen once more.
The counterpoint is worth keeping in mind too: 0.6752 has not been decisively broken, and swings are naturally large after a sharp rally. This pullback could simply be giving back some of the previous move; the direction has not yet been decisively established.
#MarketAnalysis
The current price is 0.6899 USDT, about 27% higher than the 0.5416 in the previous post. The 24-hour gain has reached +90.3%, with +28.6% contributed in just the past four hours. Volume has expanded in tandem: 24-hour trading volume is about 25.19 million USDT, roughly 84% higher than the approximately 13.72 million at the time of the previous post.
Over the past hour, price rose first and then fell: it briefly reached 0.7396 before pulling back, for a net change of -2.32%, about 6.7% below the high.
Two verifiable levels to watch next: reclaiming 0.7396 and holding above it would be needed to talk about another leg up; falling below the one-hour low of 0.6752 would turn the pullback from consolidation into a continued decline. The next funding rate settlement is at 05:00 Taipei time: if the reading stays near the zero line, the cooling-off will have truly held; if it slides deeply negative again, the divergence will widen once more.
The counterpoint is worth keeping in mind too: 0.6752 has not been decisively broken, and swings are naturally large after a sharp rally. This pullback could simply be giving back some of the previous move; the direction has not yet been decisively established.
#MarketAnalysis
