o1.exchange (O) surged after listing on Upbit, South Korea’s largest exchange, with O/KRW, O/BTC and O/USDT trading pairs. The token climbed from $0.5733 to an intraday peak of $0.853, driven by a 24-hour trading volume of $74.83 million, up 29.92%. The price later retraced to $0.6460, stabilizing near the 23.6% Fibonacci level at $0.639, with key resistance in the $0.681-$0.694 zone. In derivatives markets, open interest rose 28.90% to $23.79 million, but funding rates turned sharply negative, indicating short sellers dominating positioning despite price holding around $0.64. Holding above $0.639 remains critical to sustain the post-listing rally.
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