Behind the 27% surge, the funding rate has quietly risen to 0.0537%.
NAORIS traded 16.4 million USDT today, with longs accounting for 66%, and positions are clearly crowded. The hourly chart has closed three consecutive bullish candles, with price rising from 0.02887 to 0.03984, and short-term momentum is still intact.
But a high funding rate means longs are paying shorts, and this kind of move often won’t stay smooth forever. If trading volume fails to keep up, a pullback may occur to flush out leverage.
I’ll be watching for support in the 0.037-0.038 range; if it breaks below 0.035, the short-term trend will weaken.
$NAORIS #资金费率预警 #27%
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NAORIS traded 16.4 million USDT today, with longs accounting for 66%, and positions are clearly crowded. The hourly chart has closed three consecutive bullish candles, with price rising from 0.02887 to 0.03984, and short-term momentum is still intact.
But a high funding rate means longs are paying shorts, and this kind of move often won’t stay smooth forever. If trading volume fails to keep up, a pullback may occur to flush out leverage.
I’ll be watching for support in the 0.037-0.038 range; if it breaks below 0.035, the short-term trend will weaken.
$NAORIS #资金费率预警 #27%
Click the card below to quickly check the market👇