Seeker Price Surges 36% Amid Heavy Leveraged Participation
Seeker (SKR) has seen its price surge nearly 36% over the past 24 hours, with trading volume skyrocketing by over 810%. This sudden increase in value is accompanied by a significant rise in open interest to $21.65M, indicating heavy leveraged participation alongside spot buying.
According to data compiled by Blockchain Magazine and CoinGlass, Seeker's price rebounded from the $0.015 demand zone and broke out of its descending channel. The MACD line has also crossed above its signal after weeks of bearish readings, while the histogram flipped positive.
The OI-Weighted Funding Rate sank to -0.7292%, showing traders doubling down on shorts even as spot buyers pushed price higher. Analysts have flagged $0.025 as the next resistance level, with $0.020 being the level bulls must defend. A break below $0.020 risks unwinding the expanded leverage quickly.
Seeker launched on January 21, 2026, via a Solana Mobile airdrop to Seeker phone owners and briefly touched $0.049 before slumping to near $0.018 in April ahead of this week's rebound.