$STRK The 0.07343 level I was watching in my last post was breached on the close, and the price moved lower again: this four-hour candle hit a low of 0.07162, with the current price of 0.07186 USDT hovering nearby. It has pulled back by more than a quarter from the high of 0.09874.
The breakdown is there, but thereโs been no acceleration: 24-hour trading volume is about 29.24 million USDT, roughly a quarter lower than when I posted last time. The funding rate is +0.005%, about the same as the previous postโs +0.003%, and still close to the zero line. Price is retreating, volume is retreating too, while funding costs remain unchanged. If volume suddenly picks up one day and price falls in tandem, that will break the current calm.
Watch two levels next: if price climbs back above the four-hour high of 0.07428 and holds, only then can we say this decline has been checked for now. A close below the four-hour low of 0.07162 would open the way for another leg down. The next funding-rate settlement is at 08:00 Taipei time; if the reading is still near zero, the cost side will remain noncommittal.
Keep the other side in mind too: the 24-hour figure is still showing a loss of around 18%, and swings of this magnitude are inherently large. After a breakdown, an equally swift rebound could appear at any time. Itโs still too early to tell whether this is just the aftershock of the earlier move or whether the downward momentum has yet to run its course.
#MarketAnalysis
The breakdown is there, but thereโs been no acceleration: 24-hour trading volume is about 29.24 million USDT, roughly a quarter lower than when I posted last time. The funding rate is +0.005%, about the same as the previous postโs +0.003%, and still close to the zero line. Price is retreating, volume is retreating too, while funding costs remain unchanged. If volume suddenly picks up one day and price falls in tandem, that will break the current calm.
Watch two levels next: if price climbs back above the four-hour high of 0.07428 and holds, only then can we say this decline has been checked for now. A close below the four-hour low of 0.07162 would open the way for another leg down. The next funding-rate settlement is at 08:00 Taipei time; if the reading is still near zero, the cost side will remain noncommittal.
Keep the other side in mind too: the 24-hour figure is still showing a loss of around 18%, and swings of this magnitude are inherently large. After a breakdown, an equally swift rebound could appear at any time. Itโs still too early to tell whether this is just the aftershock of the earlier move or whether the downward momentum has yet to run its course.
#MarketAnalysis