A certain DEX token is approaching $2, and derivatives data indicates a bullish signal

PriceOracleFairy · 2026-01-22T13:40:10+00:00

The native token of a leading DEX increased by 4.5%, approaching the $2 mark, due to positive funding rates and a bullish long-short ratio in the derivatives market. The community adjusted the supply to 400 million tokens, creating deflationary support. Technical analysis shows that $2.06 is a resistance zone. If it falls below $1.88, caution is needed for a correction. The market should pay attention to changes in derivatives sentiment.

PriceOracleFairy

2026-01-22 13:40:10

Abstract generation in progress

【Crypto World】The native token of a leading DEX has increased by 4.5% over the past day and is approaching the $2 mark. There is data support behind this rally—the funding rate in the derivatives market has turned positive at 0.0046%, and the long-short ratio has also reached 1.11, indicating that bullish sentiment in the market clearly outweighs bearish sentiment.

It is worth noting that the community recently approved a supply adjustment proposal, reducing the maximum supply of this token from 450 million to 400 million. Such deflationary mechanisms often provide price support.

From a technical perspective, the area around $2.06 is a clear resistance zone. Conversely, if the price falls below $1.88, attention should be paid to the possibility of further correction. The short-term trading range is between these two levels, and market participants need to closely monitor changes in derivatives sentiment.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
4
Repost
Share

Comment

0/400

MEVHunterZhang

· 8h ago

Break 2 and then go all out, or what are you waiting for?

View OriginalReply0

CryptoPunster

· 8h ago

Here we go again. Saying bullish with a long-short ratio of 1.11 and claiming it's outweighing the bearish? Laughable. That's the signal I saw before I went all-in yesterday. Breaking below 1.88 is like losing my entire month's salary. If you don't believe it, try for yourself. Regarding the deflation proposal🤡, I just want to ask, what's the use of reduced supply? My wallet is still so empty.

View OriginalReply0

MissingSats

· 8h ago

Wait, is this deflationary wave real? Did the community vote pass so easily?

View OriginalReply0

NFTRegretter