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#SUPRA stand alone coin after pump Sideways and funding rate is high, there are multiple possibilities for future trends.
Increased downside risk
- Reversal risk of funding rate: Currently, the funding rate is high. If market sentiment suddenly changes and the imbalance between long and short positions occurs, the funding rate may reverse rapidly, causing a large number of longs to Close Position, leading to a big dump in price.
- Sideways pressure: During the Sideways period, some investors may be dumping due to concerns about risk or having achieved expected profits, which brings downward pressure on the price as a large number of profitable positions were accumulated during the previous pump.
Sideways Continues to Shake
- Sideways: Sideways indicates a temporary balance of power between long and short positions. Although the high funding rate shows a slight advantage for longs, the strength of shorts should not be underestimated. Both sides are deadlocked in a certain range, resulting in the price continuing to move Sideways.
- The outlook is uncertain: If there is no significant Favourable Information or Unfavourable Information in the market to stimulate investors, they will remain cautious, trading activity will drop, and prices will be difficult to break through the existing range.