Seeker Climbs 36% As Open Interest Hits $21M, Shorts Bet Against Rally

The MACD line crossed above its signal after weeks of bearish readings, while the histogram flipped positive. Open Interest jumped 167.45% to $21.65M, indicating heavy leveraged participation alongside spot buying.

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Short Squeeze Setup

The OI-Weighted Funding Rate sank to -0.7292%, showing traders doubled down on shorts even as spot buyers pushed price higher. That divergence often precedes forced covering if support holds.

Analysts flagged $0.025 as the next resistance, with $0.020 as the level bulls must defend. A break below $0.020 risks unwinding the expanded leverage quickly.

SKR launched on Jan. 21, 2026, via a Solana Mobile airdrop to Seeker phone owners, briefly touching $0.049 before slumping to near $0.018 in April ahead of this week's rebound.

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Steven Zeiler is Chief Evangelist at Yellow, working with builders to create real-time, non-custodial trading infrastructure using the Yellow SDK. A programmer, technologist, and entrepreneur, he previously worked for Ripple, where he helped architect peer-to-peer interbank payment prototypes and contributed to decentralizing the XRP Ledger through consensus tracking software.