Technically, the contract data and price of $APR have diverged (open interest rose while price fell): 24-hour open interest +129.86%, price -40.09%, current price 0.0273.
Going forward, watch for two things:
First, whether open interest continues to rise—further increases often indicate that shorts are still adding to their positions. Second, whether a rebound can reclaim lost ground on increased volume. If it does, be alert for a concentrated short-covering rally.
#APR
Going forward, watch for two things:
First, whether open interest continues to rise—further increases often indicate that shorts are still adding to their positions. Second, whether a rebound can reclaim lost ground on increased volume. If it does, be alert for a concentrated short-covering rally.
#APR