Shorts are paying about 1.3% a day, and $ONE has also climbed 14% from its low
Current price: $0.001378, up 7.31% over 24h, and rebounded about 14.4% from the intraday low of $0.001205; over the same period, BTC fell about 1.0%, ETH about 0.2%, and SOL about 1.4%—the whole market is down, but this token is rising.
Funding: Funding rate is -0.4242%/8h, meaning shorts pay longs. At this rate, shorts are paying about 1.3% a day. The next settlement is at 04:00 CST; open interest is 3.808 billion tokens, worth about $5.25 million, and 24h perpetual futures trading volume is about $41.66 million.
Price action: After rising to $0.0014715 intraday, it pulled back about 6.4%. The current price is fluctuating around $0.00136–$0.00144. It is still down about 28.9% over 7 days, so this move looks more like an oversold rebound than a reversal.
Risks: Market cap is only about $20.78 million (ranked No. 747), with about 14.87 billion tokens in circulation. Production on the Harmony chain stopped in September, and the project is migrating entirely to Ethereum ERC-20; the official explorer will close on November 18. Fundamentals are still in a transition period, with no clear new catalysts for now—the move is being led by capital flows. Small-cap volatility is extreme, so chasing a rally carries significant risk.
What to watch next: Whether it can retest the $0.0014715 high, whether the $0.00136 area holds, how the funding rate and open interest move after the 04:00 CST funding settlement, and the weekly close at 01:00 CST.
At this point, do you think the short squeeze will continue, or will it pull back after the spike?
For informational purposes only; this is not investment advice.
Current price: $0.001378, up 7.31% over 24h, and rebounded about 14.4% from the intraday low of $0.001205; over the same period, BTC fell about 1.0%, ETH about 0.2%, and SOL about 1.4%—the whole market is down, but this token is rising.
Funding: Funding rate is -0.4242%/8h, meaning shorts pay longs. At this rate, shorts are paying about 1.3% a day. The next settlement is at 04:00 CST; open interest is 3.808 billion tokens, worth about $5.25 million, and 24h perpetual futures trading volume is about $41.66 million.
Price action: After rising to $0.0014715 intraday, it pulled back about 6.4%. The current price is fluctuating around $0.00136–$0.00144. It is still down about 28.9% over 7 days, so this move looks more like an oversold rebound than a reversal.
Risks: Market cap is only about $20.78 million (ranked No. 747), with about 14.87 billion tokens in circulation. Production on the Harmony chain stopped in September, and the project is migrating entirely to Ethereum ERC-20; the official explorer will close on November 18. Fundamentals are still in a transition period, with no clear new catalysts for now—the move is being led by capital flows. Small-cap volatility is extreme, so chasing a rally carries significant risk.
What to watch next: Whether it can retest the $0.0014715 high, whether the $0.00136 area holds, how the funding rate and open interest move after the 04:00 CST funding settlement, and the weekly close at 01:00 CST.
At this point, do you think the short squeeze will continue, or will it pull back after the spike?
For informational purposes only; this is not investment advice.
