Coinbase Premium Index and Open Interest Resistance Zones Under Scrutiny

The Coinbase Premium Index is currently facing a critical resistance zone. If this zone is breached, it could signal the beginning of a significant uptrend. Market analysts are closely monitoring this area for potential breakout signals.

Similarly, the Open Interest resistance zone is under observation. If this zone is manipulated, a pullback is expected. However, a breakout with substantial volume would indicate a healthy continuation of the uptrend.

Funding rates have reached extreme levels in the short term, reflecting increased interest from smaller investors. A correction may occur for market stabilization, followed by a potential rise.

Written by TraderOasis