Rocket Pool (RPL)surged more than 23% as Binance announced a perpetual contract listing on Monday.
Rocket Pool price surges more than 23% as Binance announces a perpetual contract listing. Coinglass data shows that RPL’s open interest is increasing, indicating new buying is occurring. Crypto investment firm 1kx has deposited 203,320 RPL tokens worth $2.37 million, possibly leading to a shift in market sentiment. Rocket Pool surged more than 23% as Binance announced a perpetual contract listing on Monday. At the time of writing on Tuesday, it trades slightly up at $11.74.
The OI indicates the total number of outstanding derivative contracts that have not been settled and whether money flows into the contract are increasing or decreasing. Increasing OI represents new or additional money entering the market and new buying, which generally tends to support prices. When OI decreases, it is usually a sign that the market is liquidating, more investors are leaving, and the selling pressure increases.
Technical Analysis Binance Openinterest
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