Kinetiq $KNTQ perps are live on KCEX (USDT-M, up to 25x)
Liquid staking on Hyperliquid (kHYPE); this is the governance token
Key takeaway
Fuller read on the KCEX KNTQ_USDT perp (data as of 11:08 AM ET): Project: Kinetiq is a liquid staking protocol on Hyperliquid. Users stake HYPE and receive kHYPE, a liquid staking token. KNTQ is the protocol's governance token. KCEX created this USDT-margined perp at 2:43 AM ET with up to 25x.
Structure:
- Last 0.4899, index 0.4893 (price sourced from spot venues)
- First 5m bar opened at 0.4345, so it is up about 12.75% since then
- 24h range 0.4228-0.5080. The low came at 3:45 ET and the high at 9:45 ET
- It pulled back to 0.4748 at 10:15 ET, then built higher lows and is now basing around 0.488-0.490 above the 5m EMA
- 24h turnover about 19.7K USDT, open interest about 6.1K USDT. Thin, a new listing
- Funding -0.02% per 4h, so shorts pay longs. That supports holding a long
- Fees: 0% maker, 0.01% taker
Bias: long on the defended pullback and negative funding. Invalidation: under 0.4748, the post-high low. Key levels: 0.4748 support, 0.4930-0.4950 first resistance, 0.5080 day high.
New-listing volatility is high. Size small.
NFA
Bias: long. Invalidation: <0.4748. NFA
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