BUILDon rallies on record 87,320 holders and 39% volume growth
- —BUILDon holders hit a record 87,320, up 160 since the start of September
- —Trading volume rose 39% to $17.3 million across spot and futures markets
- —Open interest is $31 million, up $4.77 million (15%) in a day
- —The funding rate rose to 0.0179%, the highest in a month
Why it matters: A breakout from a descending channel and rising open interest point to bullish momentum, but the price needs to hold above resistance to confirm the trend.
Source: AMBCrypto