$TRUTH Up 48% in a day, and shorts are still paying
The 8-hour funding rate is -0.025%, so shorts are paying to stay in. TRUTH surged to 0.023 on a strong green candle.
The 4-hour moving averages are still bullishly aligned, open interest hasn’t shrunk, and the price has already moved above the previous resistance level. With this setup, the more shorts refuse to admit defeat, the more likely they are to get squeezed out by the next green candle.
On the news front, every major financial conference this year has been touting AI payments. The “autonomous agents” narrative behind 90% of it has added fuel to a name like TRUTH, and the market is trading on the sentiment.
If the price retests 0.02 and holds, the bulls still have the advantage; if it falls below 0.02, this move is just a purely sentiment-driven spike.
I’m leaning bullish. There could be more upside if it breaks above 0.025 on strong volume.
#TRUTH #合约
The 8-hour funding rate is -0.025%, so shorts are paying to stay in. TRUTH surged to 0.023 on a strong green candle.
The 4-hour moving averages are still bullishly aligned, open interest hasn’t shrunk, and the price has already moved above the previous resistance level. With this setup, the more shorts refuse to admit defeat, the more likely they are to get squeezed out by the next green candle.
On the news front, every major financial conference this year has been touting AI payments. The “autonomous agents” narrative behind 90% of it has added fuel to a name like TRUTH, and the market is trading on the sentiment.
If the price retests 0.02 and holds, the bulls still have the advantage; if it falls below 0.02, this move is just a purely sentiment-driven spike.
I’m leaning bullish. There could be more upside if it breaks above 0.025 on strong volume.
#TRUTH #合约