$IRYS falls -18% today after hitting a high of $0.50406.
We can see on the 1D chart that price went from IRYS Perp is at $0.03316 to IRYS listed on Oct 15 around $0.01168 then straight up to $0.50406, then dumped -93% to $0.033. This is a textbook new listing pump.
Today (10:35 AM):
Last price: $0.03310 / Mark: $0.03326
24h High: $0.04489 / Low: $0.03285
Volume: 6.45B IRYS ($238.94M)
Funding (1h): -0.04813% (Countdown: 00:24:44) Very bearish, bears are aggressive.
Orderbook: There’s a wall at $0.03330 (221K IRYS), Bids at $0.03322 (165K)
Long/Short Ratio: 32.85% Longs | 67.15% Shorts. Everyone is bearish here.
Performance:
Today: -8.64% | 7 Days: +171.98% | 30 Days: +92.89% | 90 Days: +118.19% | 180 Days: -0.66%
Volume is still huge. 4H Volume is 321M IRYS. Moving average 5: 890M & Moving average 10: 1.28B. MA5 is below MA10 and so we’re seeing momentum drop.
Support & Resistance:
Support: $0.03285 (24H low) if this breaks, $0.01168 listing support.
Resistance: $0.04489 (24H high) / $0.09578 next big level.
Bullish:
Bears are stepping in to buy at $0.03285 and reclaim $0.04489. We’re seeing volume and funding turn positive. With 67% of people being bears we could easily see a short squeeze occur. This will put $0.09578 in play.
Bearish:
Price breaking below $0.03285 and fails to reclaim it. With negative funding -0.048%, sellers are still in control. $0.01168.
I’m not buying this falling knife. After a big move of IRYS listed on Oct 15 around $0__0.03 price needs to show it can stay above IRYS listed on Oct 15 around $1__IRYS and be volatile for a few days.
Are you sitting around waiting for a retest?
Click $IRYS to trade this volatility. Remember to use low leverage as funding is hurting both bears and bulls currently.
#Irys #IRYS
We can see on the 1D chart that price went from IRYS Perp is at $0.03316 to IRYS listed on Oct 15 around $0.01168 then straight up to $0.50406, then dumped -93% to $0.033. This is a textbook new listing pump.
Today (10:35 AM):
Last price: $0.03310 / Mark: $0.03326
24h High: $0.04489 / Low: $0.03285
Volume: 6.45B IRYS ($238.94M)
Funding (1h): -0.04813% (Countdown: 00:24:44) Very bearish, bears are aggressive.
Orderbook: There’s a wall at $0.03330 (221K IRYS), Bids at $0.03322 (165K)
Long/Short Ratio: 32.85% Longs | 67.15% Shorts. Everyone is bearish here.
Performance:
Today: -8.64% | 7 Days: +171.98% | 30 Days: +92.89% | 90 Days: +118.19% | 180 Days: -0.66%
Volume is still huge. 4H Volume is 321M IRYS. Moving average 5: 890M & Moving average 10: 1.28B. MA5 is below MA10 and so we’re seeing momentum drop.
Support & Resistance:
Support: $0.03285 (24H low) if this breaks, $0.01168 listing support.
Resistance: $0.04489 (24H high) / $0.09578 next big level.
Bullish:
Bears are stepping in to buy at $0.03285 and reclaim $0.04489. We’re seeing volume and funding turn positive. With 67% of people being bears we could easily see a short squeeze occur. This will put $0.09578 in play.
Bearish:
Price breaking below $0.03285 and fails to reclaim it. With negative funding -0.048%, sellers are still in control. $0.01168.
I’m not buying this falling knife. After a big move of IRYS listed on Oct 15 around $0__0.03 price needs to show it can stay above IRYS listed on Oct 15 around $1__IRYS and be volatile for a few days.
Are you sitting around waiting for a retest?
Click $IRYS to trade this volatility. Remember to use low leverage as funding is hurting both bears and bulls currently.
#Irys #IRYS
