GWEI has climbed 12% over the past 24 hours, marking its strongest recovery since breaking below its previous all-time low on July 21. Trading volume reached $13.15 million, up 218% in one day, signaling renewed interest after an extended period of subdued activity. Rising Open Interest and positive Funding Rates suggest derivatives traders are adopting a more optimistic stance by opening fresh long positions rather than simply covering shorts. The next resistance level to watch sits at $0.032, where a decisive break above would strengthen the recovery but failure to clear it could trigger another round of profit-taking.
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