$WUSDT is down 35.5% on paper over 24 hours, but the decline has barely continued recently: +1.40% over the past hour and +1.50% over the past four hours. This four-hour candle’s high-low range is only about 4.1%, with the current price of 0.01959 USDT sitting between 0.01908 and 0.01987. 24-hour trading volume is around 32.83 million USDT.
The cost side hasn’t moved either: the funding rate is -0.052%, close to the zero line, with no clear bias in either direction.
Next, watch these two levels: if price climbs back above the four-hour high of 0.01987 and holds there, the decline may finally be contained for now; if it closes below the four-hour low of 0.01908, the downtrend could open up another leg lower.
That said, after a market has fallen 35% in a day, big swings are to be expected. The current calm could just be a brief pause, and the market hasn’t truly picked a direction yet.
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The cost side hasn’t moved either: the funding rate is -0.052%, close to the zero line, with no clear bias in either direction.
Next, watch these two levels: if price climbs back above the four-hour high of 0.01987 and holds there, the decline may finally be contained for now; if it closes below the four-hour low of 0.01908, the downtrend could open up another leg lower.
That said, after a market has fallen 35% in a day, big swings are to be expected. The current calm could just be a brief pause, and the market hasn’t truly picked a direction yet.
#MarketHotTopics