$CYBER That post from sixteen hours ago said that once 0.351 broke, the range would shift entirely downward. Now it’s at 0.309, 12.0% below the line—it has moved past it.
That post had it at 0.358. Over these 16 hours, it’s down 13.7%; the 24-hour reading flipped from +32.6% to -18.47%, reversing direction completely.
But the drop hasn’t been急. This four-hour candle ranged from 0.304 to 0.325 and closed at 0.308, down 4.35%; 24-hour trading volume was 11.66 million USDT, only 54% of the 21.55 million at the time of that post. Volume hasn’t expanded accordingly; the price has slid down gradually.
Costs haven’t become more extreme either. The funding rate is -0.1102%, a little less negative than the -0.1361% in that post; the mark price is at a 0.44% discount to spot, compared with 0.75% then. As the price broke below the range, the discount actually narrowed.
So I wouldn’t read this candle as an acceleration phase. Whether volume really picks up if 0.304 breaks again will determine whether this slide is over or there’s another leg down. On the other hand, a close back above 0.351 would mean this break merely gave back the earlier gains.
#MarketAnalysis
That post had it at 0.358. Over these 16 hours, it’s down 13.7%; the 24-hour reading flipped from +32.6% to -18.47%, reversing direction completely.
But the drop hasn’t been急. This four-hour candle ranged from 0.304 to 0.325 and closed at 0.308, down 4.35%; 24-hour trading volume was 11.66 million USDT, only 54% of the 21.55 million at the time of that post. Volume hasn’t expanded accordingly; the price has slid down gradually.
Costs haven’t become more extreme either. The funding rate is -0.1102%, a little less negative than the -0.1361% in that post; the mark price is at a 0.44% discount to spot, compared with 0.75% then. As the price broke below the range, the discount actually narrowed.
So I wouldn’t read this candle as an acceleration phase. Whether volume really picks up if 0.304 breaks again will determine whether this slide is over or there’s another leg down. On the other hand, a close back above 0.351 would mean this break merely gave back the earlier gains.
#MarketAnalysis
