2026-01-08 08:22:16

GUN has recently experienced a fierce rally, rising by 37.21% in a short period. Trading volume has also surged to 163.7 million USDT, and the open interest has piled up to a high of 625 million—these three data points moving upward together look quite healthy. But upon closer inspection, the problem arises.

Currently, the price is stuck around 0.02172, making it easy to fall into consolidation or a pullback, with an estimated probability of about 65%. Why? Because the open interest is too high. This indicates a large amount of leveraged funds are accumulated at this price level, with both bulls and bears fighting fiercely here.

If you want to participate, the support level below is at 0.01850, which is a key point. Once the trading volume supports a breakdown below that, the short-term trend is likely to weaken. On the upside, the resistance level is at 0.02380, which is the recent high and also a psychological barrier. Currently chasing the high is too risky; it’s better to wait near the support level, and only follow after volume and price confirm each other for higher safety.

A detail worth noting: a simultaneous rise in price and volume is usually a good sign, but with such high open interest, caution is needed. If the price starts to consolidate sideways or slightly pull back but open interest remains high, it indicates intense battle between bulls and bears, often a precursor to a trend reversal. Conversely, if the price continues upward but trading volume suddenly shrinks, it’s a warning sign that the main funds might be pushing the price up to unload positions.

GUN itself is a GameFi + Metaverse project, with the core idea of integrating DeFi and NFT trading into an on-chain gaming platform. Its selling point is gamifying complex financial operations—liquidity mining, NFT fragmentation—so that ordinary players can participate. Simply put, it aims to be a "blockchain version of Steam game store, but each game comes with a tradable stock market." From a tokenomics perspective, the total supply is set at 1 million.

GUN6,67%

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AltcoinTherapist

· 01-11 07:37

It's the same old trick again, high OI accumulation just waiting to cut the leeks. A 37% increase and everyone gets excited, don't you see this is just a trap to lure more buyers? Only when the support breaks will there be a chance; chasing high now is just giving the main players money. I'm tired of the GameFi hype, it's just a rebrand of the same old story. 65% chance of a pullback? I think there's a 99% chance it will crash. With such a large position at this price level, how can there be no change in the trend? Wait for volume and price confirmation before entering, don’t be fooled into buying high and getting dumped on.

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SchroedingerMiner

· 01-10 07:12

Oh no, with such a high OI, do you still dare to chase? I was stunned; isn't this just a signal of leverage accumulation? I'm watching the support at 0.01850, see if the volume matches. I've heard too many stories about GameFi and the metaverse; let's see if this round can truly make a splash. Price and volume rising together is a good sign before a reversal; we need to be cautious. Breaking through the 0.02380 level is crucial; the sideways trading feeling is getting stronger.

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MEVvictim

· 01-08 08:52

A 37% increase, 625 million in open interest (OI), the momentum indeed looks fierce, but I'm just worried about the fate of the latecomers who buy at high prices. --- Support at 0.01850, resistance at 0.02380, stuck in the middle waiting for volume and price confirmation... Simply put, it's just a gamble on whether the market makers will shake out the weak hands. --- GameFi disguised as the metaverse, year after year it's the same story. The real key is whether there are actual returns. --- With such high OI and sideways movement, it feels like a trigger for a breakout is just around the corner. I'm still observing. --- Tired of the theory that price and volume rise together; in reality, it's often just the prelude to a trap. --- This coin is mainly driven by leveraged funds fighting each other. Ordinary retail investors entering are just providing liquidity for the big players. --- Wait until it breaks below 0.01850 before considering. Chasing high now is just throwing a tantrum. --- Another old story of Game + NFT. In this wave of contract explosions, who knows how many people have lost everything.

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BugBountyHunter

· 01-08 08:49

This OI is stacked so high, it feels like something's going to happen. It’s rising rapidly, but I always feel like there's some underlying tension. At the 0.02172 level, both bulls and bears are deadlocked. Let's wait until it breaks 0.01850 or surpasses 0.02380 before making any moves. GUN's GameFi concept sounds good, but the current order book atmosphere is too strange. A 37% increase with such high OI really doesn't seem like a good sign. If the main capital suddenly stops, how can this price hold?

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GasFeeDodger

· 01-08 08:46

The open interest is so stacked up, bulls and bears are torturing each other here. There's a 65% probability of consolidation or a pullback. Chasing highs is indeed a way to get yourself killed. Wait, this project claims to be GameFi + Metaverse, but it sounds like the old套路 again, just a different skin? If the support at 0.01850 doesn't hold, you better run, or you'll be caught in it alive. In this kind of market with such high OI, it feels like a trend reversal is bound to happen sooner or later. Let's wait and see. It's the same old story of liquidity mining and NFT fragmentation. Forget it, let's wait for the price and volume to confirm before making any moves.

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Ser_APY_2000

· 01-08 08:42

0.01850 needs to hold, otherwise it will really break down.

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rug_connoisseur

· 01-08 08:30

Ha, it's that same old "price and volume are rising healthily" rhetoric, but then they turn around and say OI is stacked so high that we should be cautious. This analysis is a bit contradictory. Honestly, if 0.01850 breaks, then we'll talk. Currently chasing is indeed risky. I'm tired of GameFi; it's just another rebranding of integrating DeFi and NFTs, ultimately just the same old scam of cutting leeks. $GUN's recent surge looks fierce, but I bet five bucks that it's just a pullback. The long and short battle will eventually see someone bleeding. Wait, a total supply of 1 million? That doesn't seem like a serious token design at all.

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