$CFX surged another ~36%, and shorts are still paying. Here’s my take
On OKX, the current price is around 0.069, with a 24h high of about 0.072 and a low of about 0.051. Trading volume is around 20 million USDT. The perpetual funding rate is about −0.03%, so shorts are continuing to pay. The market structure points to a short squeeze / selective buying, rather than a broad risk-on move.
Key observations: $MAGIC and $STRK are still strong in the same stretch, while $BTC is consolidating around 83,000—this rally looks more like the second leg of an altcoin rotation. In the short term, watch whether 0.065–0.069 holds for signs of follow-through. If 0.060 breaks, watch for distribution. The previous high at 0.072 is resistance.
Are you bullish or bearish? Comment 🟢 Bullish / 🔴 Bearish
#CFX #AltcoinRotation #Perpetuals #Cryptocurrency
Binance referral code: BRYANTTRADE
For more resources, check the BIO on my profile.
Not investment advice. Investing involves risk.
On OKX, the current price is around 0.069, with a 24h high of about 0.072 and a low of about 0.051. Trading volume is around 20 million USDT. The perpetual funding rate is about −0.03%, so shorts are continuing to pay. The market structure points to a short squeeze / selective buying, rather than a broad risk-on move.
Key observations: $MAGIC and $STRK are still strong in the same stretch, while $BTC is consolidating around 83,000—this rally looks more like the second leg of an altcoin rotation. In the short term, watch whether 0.065–0.069 holds for signs of follow-through. If 0.060 breaks, watch for distribution. The previous high at 0.072 is resistance.
Are you bullish or bearish? Comment 🟢 Bullish / 🔴 Bearish
#CFX #AltcoinRotation #Perpetuals #Cryptocurrency
Binance referral code: BRYANTTRADE
For more resources, check the BIO on my profile.
Not investment advice. Investing involves risk.