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.

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ApeShotFirst

· 01-25 06:53

Damn, deflation is here. Are we really going to break 2 now? The long-short ratio is 1.11, which is okay, but I'm just worried it might be another false prosperity. If it breaks 1.88, I'll cut my losses. I don't want to be trapped again. Funding rate turning positive? Come on, let's see how many days this can last. Is community voting reliable? Feels like this thing has been always cutting the leeks. The 2-dollar resistance level is so obvious. Feels like we can't break through. Who can guess the sentiment change in derivatives? Anyway, I'm just blindly buying. Does the deflation mechanism really work? It still depends on the market maker’s mood. A 4.5% increase, who are you trying to scare here? It dropped 10% yesterday. If it can't break 1.88, it's over. The technical pattern is just so-so.

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degenwhisperer

· 01-24 02:57

Come to watch the excitement again. With a long-short ratio of 1.11, you dare to say it's overwhelmingly bullish? Is that true or false? I'm tired of hearing about the supply shrinking. Every time, it's about how the deflationary mechanism will boost the market... But what’s the result? Two dollars is just a psychological barrier. Whether it breaks or not isn't a big deal; the key is whether there’s real money coming in to buy. It's only a real problem if the 1.88 level collapses. At that point, everyone will follow the trend and cut losses. Positive fee rates are a good thing, but don’t be fooled. That’s just short-term noise. Can this rally really hold? I have my doubts.

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MEVHunterZhang

· 01-22 14:09

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

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CryptoPunster

· 01-22 14:07

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.

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MissingSats

· 01-22 14:06

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

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NFTRegretter