🔴 $AZTEC – Short-term Thoughts 🩸
📍 Entry: 0.0215 – 0.0225
🛑 Stop Loss: 0.0245 (above recent selling pressure peak)
🎯 Target 1: 0.0185 (pullback auction cost zone)
🎯 Target 2: 0.0160 (24h strong support level)
⚠️ Reason
📉 New Coin Selling Pressure: $AZTEC just completed TGE (Token Generation Event) on February 12, 2026. Despite endorsements from Vitalik and a16z, early auction participants (cost around $0.047) are currently facing significant unrealized losses, and any rebound is met with substantial sell pressure to break even.
🧱 Contract Overheating: The increase of +33.55% is mainly driven by the liquidity boost from the launch of perpetual contracts on exchanges (Binance/HTX). The open interest is only $3.3 million, but the transaction volume reached $91 million, which is typical of "high turnover + short-term speculation," with extremely high volatility and prone to spikes.
💸 Rate Trap: Funding rate -0.058% indicates strong bearish sentiment. Although there is a possibility of a short squeeze, in the face of institutional unlocks and spot selling pressure, shorts are more hedging against downside risks, and the price has clearly peaked and exhausted.
👉 If it breaks and holds above 0.0245 → Exit and observe (to prevent violent short squeezes)
$AZTEC
