$CHIP The previous post showed a four-hour round trip back to the starting point, with gains given back in the final hour. That pullback has now stopped: the current price is 0.0689 USDT, about 4.4% above the previous post's 0.06601. The 24-hour figure has climbed from +27.1% to +31.0%, while the last four hours have also flipped from -0.63% to +3.9%. 24-hour trading volume is about 28.75 million USDT, roughly 80% higher than the previous post's approximately 15.87 million.
What has really changed is the cost side. In the previous post, the funding rate was still slightly positive at +0.002%; this time, it reads -0.0074%, flipping into negative territory. As the price moves up another notch, funding costs have quietly switched sides this time, though the move is still modest.
Two levels will confirm what happens next: only if the price reclaims and holds above the four-hour high of 0.071 can this advance be said to be moving up another notch; a close below the four-hour low of 0.06463 would first weaken the current structure. The next funding rate settlement is at 04:00 Taipei time. If the reading remains negative, that would mean the cost side is genuinely leaning in that direction; if it returns near the zero line, the two sides are still going their separate ways.
Keep the opposing view in mind, too: the 24-hour figure still reads +31.0%. A market that moves 30% in a day is inherently volatile, and this advance may simply have completed in one go the move that began earlier. The direction has not truly been decided yet.
#MarketAnalysis
What has really changed is the cost side. In the previous post, the funding rate was still slightly positive at +0.002%; this time, it reads -0.0074%, flipping into negative territory. As the price moves up another notch, funding costs have quietly switched sides this time, though the move is still modest.
Two levels will confirm what happens next: only if the price reclaims and holds above the four-hour high of 0.071 can this advance be said to be moving up another notch; a close below the four-hour low of 0.06463 would first weaken the current structure. The next funding rate settlement is at 04:00 Taipei time. If the reading remains negative, that would mean the cost side is genuinely leaning in that direction; if it returns near the zero line, the two sides are still going their separate ways.
Keep the opposing view in mind, too: the 24-hour figure still reads +31.0%. A market that moves 30% in a day is inherently volatile, and this advance may simply have completed in one go the move that began earlier. The direction has not truly been decided yet.
#MarketAnalysis