$SNDK 24H Rises 3.8%, with a mild range, but funding has been hovering in the 0.0002397 positive range all along—indicating that chasing longs comes with a cost of capital. The sentiment is more resolute than the price itself. In the absence of a clear fundamental catalyst at the moment, this accumulation of positive funding rates usually corresponds to the high end of a trading box building up pressure: liquidity and positions are concentrated above, yet there is no directional release.

Going forward, if there is news and volume supports a breakout of the resistance, longs are likely to benefit from an acceleration phase; otherwise, if volume still fails to catch up, the positive funding rate can become a favorable window for shorts to pick up funding fees.

Trading tag: #TradFi #链上美股 #SNDK

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