LIGHT gains 13% as longs pile in, OI pops 12%—bulls eyeing that juicy $0.18 ceiling 🍯

The LIGHT token posted a 13% gain over the past 24 hours, with derivatives activity climbing in tandem and traders increasing their exposure across the market. According to long/short ratio data, nearly 68% of open positions are tilted toward bulls, indicating that most market participants are positioning for continued upside. Open Interest on the network rose 12% on the day to 12.4 million, a move that on its own does not indicate direction but, when paired with rising prices and a long-dominated market, is consistent with fresh capital entering on the long side.

Short-term price structure has firmed up alongside the rally. Buyers have continued to step in after the initial move, allowing LIGHT to hold the bulk of its gains rather than fading. At the time of writing, the token was trading above key Exponential Moving Averages, with resistance at $0.18 cited as the next target.

Liquidation data points to a heavier presence of liquidity clusters above the current trading price, putting those zones in focus as the rally extends. The combination of a bullish long/short skew, expanding Open Interest and a constructive short-term trend has kept momentum on the bulls' side. Whether that momentum is sufficient to drive a full liquidity sweep is set to hinge on whether buyers continue to add exposure in the sessions ahead.