$PROM plunged 16.2% outright. It’s now at 4.603, sitting right on the 4.407 support, with the 30-day low of 4.298 just a hair below.
Open interest in futures is down 11.7%, and the funding rate is still negative. Falling open interest plus negative funding means shorts haven’t dared to chase—it’s purely spot longs liquidating each other.
Seed coins are volatile. If this level breaks, the next low probably won’t hold, and we could see another wave of stop-losses get triggered.
I’m bearish, but I’m not chasing shorts. I’ll wait and see if it rebounds near resistance. This kind of half-dead price action is best just watched for now.
Do you think it’ll snap straight through this level? #种子币 #AltcoinMarket
Open interest in futures is down 11.7%, and the funding rate is still negative. Falling open interest plus negative funding means shorts haven’t dared to chase—it’s purely spot longs liquidating each other.
Seed coins are volatile. If this level breaks, the next low probably won’t hold, and we could see another wave of stop-losses get triggered.
I’m bearish, but I’m not chasing shorts. I’ll wait and see if it rebounds near resistance. This kind of half-dead price action is best just watched for now.
Do you think it’ll snap straight through this level? #种子币 #AltcoinMarket