IR (Infrared) fluctuated by 117.8% in 24 hours: Surge in trading volume and futures bullish momentum driving the move
Bitget Pulse2026/04/29 16:02Volatility Brief
In the past 24 hours, IR price soared from a low of $0.01713 to a high of $0.03731, and is currently at $0.01955, with a price swing of 117.8%. Trading activity was high, as Binance Futures showed multiple price spikes accompanied by surges in trading volume, such as a 3.31% increase when volume reached $403.69K, and a 5.11% rise with $270.17K in volume.
Brief Analysis of the Cause of the Move
- Volume and Futures Spikes in Charge: Within 24 hours, spot and futures trading volume of IR increased significantly, pushing the price to rise vertically. According to Bitget data, the price ranged from a low of $0.02507 to a high of $0.05037, showing a swing of over 100%.
- Bullish Momentum and Potential Short Squeeze: Monitoring on X community shows the 5-minute RSI hit 91.1, and large green candles appeared with no pullback. Futures long positions held steady, while short positions were 2.9 times higher than long ones, and even with a 15.1% price increase, shorts continued to add positions, creating more fuel for volatility.
No official announcements or large on-chain whale movements have been reported; the move is mainly driven by market trading actions.
Market Views and Outlook
Mainstream sentiment among traders on X is optimistic, treating this as a “momentum breakout with sustained high volume.” Suggestions include entering long positions on pullbacks to the $0.03256-$0.03020 demand zone or the $0.0435-$0.0443 range, targeting $0.0498, but cautioning about chasing highs, bull market traps, and the risk of rapid reversals. The bullish trend may continue if a breakout is sustained; otherwise, a retest of the $0.02853 support may occur.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is provided for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Capital Trends Behind the AI Computing Power Rebound: JPMorgan Fund Flows Reveal Retail Buy-In "Shrinking," Pouring Into Nvidia, SanDisk and Other Computing Power Core Companies
What has been revealed is not a "complete withdrawal of retail investors from AI," but rather a significant slowdown in overall market entry pace under macroeconomic pressure, with stock selections becoming more concentrated. In response to the Federal Reserve's unanimous decision to raise interest rates by 25 basis points, increasing the policy rate to 3.75%–4.00%, JPMorgan's assessment is: if this is simply a withdrawal of last year's "insurance-style rate cuts" during a shallow rate hike cycle—and if corporate earnings remain strong and the Middle East situation does not further spiral out of control—the stock market is still capable of absorbing rising interest rates.
Vote Result 7-2! Bank of Japan Raises Interest Rates at Fastest Pace Since 1990, Does Not Signal a Clearly More Hawkish Stance
The Bank of Japan has raised interest rates to 1.25%, marking the highest level since 1995 and the sixth increase since exiting the negative interest rate policy in March 2024. Out of the nine committee members, Asada and Sato voted against the hike, citing the current economic situation, reflecting ongoing internal disagreements over further tightening. In its statement, the Bank of Japan indicated it will continue to raise rates and adjust the degree of monetary easing, but the forward guidance language showed limited changes from the July statement, without sending notably more hawkish signals.
Crypto prices
More
