$US more than doubled in a day, with the current price around 0.0332, a 24-hour high of 0.0335 and a low of 0.0141. Trading volume reached 330 million U—this is some serious activity.
It’s up 22.9% in the past 6 hours, with six consecutive bullish candles. The price is holding above MA7 (around 0.0293), while MA25 is only at 0.0199—the moving averages have spread wide apart. The most striking thing is the volume: trading volume over the past 6 hours is 2.2 times that of the previous 6 hours. That’s real money pushing the price, not just empty talk.
But there’s one odd detail: the large-holder long/short account ratio is only 0.46, meaning there are more short accounts. Open interest is 28 million, up 11.4% in the past hour, and the funding rate is also slightly positive at 0.0540%. In other words, retail traders and some large holders are short, yet the price keeps climbing. That’s a classic short-squeeze setup, not the kind of move that looks like it’ll fizzle as soon as the pump ends.
I couldn’t find any substantial news—it’s purely a money-driven move. I’m leaning bullish here. If it pulls back and holds above 0.029, I’d keep watching higher, with 0.04 as the first target. If it holds there, then we can think about 0.05. The risk is that once short covering ends, the pullback could be rapid, so I’d put a stop below 0.027.
This rally’s been so strong—could some outfit’s small account have flipped and gone long?
It’s up 22.9% in the past 6 hours, with six consecutive bullish candles. The price is holding above MA7 (around 0.0293), while MA25 is only at 0.0199—the moving averages have spread wide apart. The most striking thing is the volume: trading volume over the past 6 hours is 2.2 times that of the previous 6 hours. That’s real money pushing the price, not just empty talk.
But there’s one odd detail: the large-holder long/short account ratio is only 0.46, meaning there are more short accounts. Open interest is 28 million, up 11.4% in the past hour, and the funding rate is also slightly positive at 0.0540%. In other words, retail traders and some large holders are short, yet the price keeps climbing. That’s a classic short-squeeze setup, not the kind of move that looks like it’ll fizzle as soon as the pump ends.
I couldn’t find any substantial news—it’s purely a money-driven move. I’m leaning bullish here. If it pulls back and holds above 0.029, I’d keep watching higher, with 0.04 as the first target. If it holds there, then we can think about 0.05. The risk is that once short covering ends, the pullback could be rapid, so I’d put a stop below 0.027.
This rally’s been so strong—could some outfit’s small account have flipped and gone long?