$YALA surged 36% in a single day, showing divergence in price and volume at high levels along with Taker selling pressure. The 4H candlestick chart displays the last large volume upper shadow, indicating exhaustion of buying power. Open interest (OI) remained stable during the surge, and the lack of short squeeze resembles more of a principal offloading at high prices. The funding rate reached 0.7%, with long positions crowded, posing risks for subsequent liquidations.
🎯 Direction: Flat
Market Logic: The price started at 0.00599 and has nearly doubled in increase. Key data points: 1) During the surge, Taker Volume was net selling (is_taker_buying: false), indicating smart money is distributing; 2) The buy/sell ratio has consistently hovered around 0.5, with no extreme buying sentiment, leading to a lack of widespread following in the price increase; 3) The order book shows a large sell order accumulation of 4.82 million at 0.011, forming strong resistance. The current price is at the intraday high, with extremely high risks in chasing long positions, typical of a 'profit-taking' and 'high-fee siphoning' scenario. Patiently wait for the price to cool down and leverage to clear.
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