$HAEDAL The previous post left us with 0.02962: reclaim it and hold, and the pullback will finally be contained. This four-hour candle did push through it, reaching a high of 0.03015, 1.8% above that level; but it closed at 0.02886 USDT, back below 0.02962 and 4.3% off the candle’s high. This round, price only managed to touch the level—not hold above it.
Price rebounded from 0.02697 on the previous four-hour candle to 0.02886, up about 7.0%, while funding moved in the opposite direction: from -0.0106% in the previous post to -0.0300%, roughly 2.8 times as negative. In the previous few rounds, the reading hovered around 0.01% regardless of which way price moved. This time, price bounced, but funding moved even further out of line.
24-hour trading volume was about 22.36 million USDT, around 12% higher than the 19.98 million in the previous post. The candle’s low was 0.02741, and it didn’t revisit the previous candle’s 0.02656 low.
For the upper boundary to be truly reclaimed, price needs to close above 0.03015 and hold there. A break below 0.02741 would shift the range down a level, with 0.02656 below that. The next funding-rate settlement is at 20:00 Taipei time.
Here’s the counterpoint too: the low didn’t make a new low, and the close rallied from 0.02787. It may simply be that the whole consolidation range is shifting higher. The 24-hour change is still +24.76%, and a single four-hour candle can turn this pattern around again.
#MarketAnalysis
Price rebounded from 0.02697 on the previous four-hour candle to 0.02886, up about 7.0%, while funding moved in the opposite direction: from -0.0106% in the previous post to -0.0300%, roughly 2.8 times as negative. In the previous few rounds, the reading hovered around 0.01% regardless of which way price moved. This time, price bounced, but funding moved even further out of line.
24-hour trading volume was about 22.36 million USDT, around 12% higher than the 19.98 million in the previous post. The candle’s low was 0.02741, and it didn’t revisit the previous candle’s 0.02656 low.
For the upper boundary to be truly reclaimed, price needs to close above 0.03015 and hold there. A break below 0.02741 would shift the range down a level, with 0.02656 below that. The next funding-rate settlement is at 20:00 Taipei time.
Here’s the counterpoint too: the low didn’t make a new low, and the close rallied from 0.02787. It may simply be that the whole consolidation range is shifting higher. The 24-hour change is still +24.76%, and a single four-hour candle can turn this pattern around again.
#MarketAnalysis
