$ZEC rose 1.01% over the most recent completed 1-hour period, while the funding rate held at +0.0100%. This positive rate means traders currently holding long positions have to pay a cost, signaling a bullish directional bias. But over the same window, open interest fell 2.16% over 24 hours—positions are being unwound while the price rises, so the two are moving in different directions. The decline in total open interest doesn’t tell us whether old or new positions are being closed; it only shows that participation is shrinking, while longs continue to bear holding costs. The squeeze risk in this combination is that long-side crowding may not have eased meaningfully despite the decline in open interest. As for price boundaries, the previous completed hourly candle had a high of 1373.88 and a low of 1347 USDT. These are boundaries, not confirmed support or resistance. Conditional outlook: only consider the move continuing upward if a subsequent hourly candle reclaims 1373.88; a break below 1347 would invalidate the current structure. With a positive funding rate and declining open interest, which side would you rather wait to see break first?