SKR rallies 36% with strong volume, breaking downtrend amid rising short bets and potential squeeze.

Seeker (SKR) surged 35.78% in 24 hours on a volume spike over 810%, signaling strong market interest and a breakout from its descending channel. The price rebounded from $0.015 and moved toward $0.020–$0.021, showing a shift from a downtrend to recovery. Despite the price rise, derivatives data reveals heavy short positions, indicating bearish trader sentiment and a risk of a short squeeze if the price holds above $0.020. If SKR fails to maintain this level, the expanded leveraged positions could trigger a sharp downside correction.