ENSO/USDT:USDT
ENSO is exhibiting a classic bullish divergence between price action (+35.8%) and funding rates (-0.05%). While the asset is surging, the negative funding indicates that a significant portion of the market is aggressively positioning for a reversal (shorting), which creates a mechanical fuel for a continued short squeeze. The RSI at 71.3 is high but not yet at the 'blow-off top' levels often seen in low-cap momentum runs, suggesting room for one more impulsive leg up as shorts are forced to cover.
Detailed Analysis
Price up 35.8% with negative funding of -0.05% and OI growth of 2.24%.
Strong bearish bias among traders despite the vertical price action, leading to trapped shorts.
A continuation of the upward move as short liquidations and stop-losses trigger further buying.
Funding flipping positive (>0.01%) or price breaking below the $2.50 support level.