**Market Analysis: Potential Uptrend in Crypto Market**
The Coinbase Premium Index has identified a critical resistance zone. If this zone is surpassed, it could signal the beginning of a significant uptrend. This area is being closely monitored for potential breakthroughs.
Additionally, the Open Interest resistance zone has been delineated. Manipulation of this zone could result in a pullback. However, a volume-backed breach would indicate a healthy continuation of the uptrend.
Short-term funding rates have reached extreme levels, reflecting increased interest from smaller investors. Overall, a rise is anticipated following a corrective phase aimed at market stabilization.
Written by TraderOasis