Doing better than the market
The total crypto market is −5.0% in 24 hours. USO is +3.5%, 8.5% better than the market, so part of the move is specific to United States Oil Fund • Robinhood Token.
Why is the crypto market moving? →
why / uso
Why is United States Oil Fund • Robinhood Token up today?
United States Oil Fund • Robinhood Token (USO) is up 3.5% in the last 24 hours, trading at $170.49. That is 8.5% better than the whole crypto market (−5.0%), so part of the move is specific to United States Oil Fund • Robinhood Token. It is trading at or near its all-time high.
USO 24h+3.50%
Whole market 24h−5.02%
Bitcoin 24h−5.46%
Link to BTC (30d)-0.03
Volume vs normal—
signals
What is moving United States Oil Fund • Robinhood Token
Strongest signals first.
Within 0.7% of its all-time high
USO is trading at or near the highest price it has ever reached ($171.7). Every holder is in profit, so there is little selling from people waiting to break even.
Very active trading
USO traded 104% of its market cap in the last 24 hours, far more than a typical coin. Something is drawing traders in.
Highest price in 30 days
USO is above every daily close of the past month (previous high $169.49). Breaking out of a range often draws in momentum buyers.
Moving on its own, not with Bitcoin
Over the last 30 days, USO's daily moves had a -0.03 correlation with Bitcoin (1 means identical direction). That is low: USO has mostly moved on its own lately, while Bitcoin is −5.5% today.
Bitcoin price →Strong month
USO is +2.0% this week and +17% over 30 days, so today's move continues the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of USO positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring United States Oil Fund • Robinhood Token
faq
Questions
Why is United States Oil Fund • Robinhood Token up today?
United States Oil Fund • Robinhood Token (USO) is up 3.5% in the last 24 hours, trading at $170.49. That is 8.5% better than the whole crypto market (−5.0%), so part of the move is specific to United States Oil Fund • Robinhood Token. It is trading at or near its all-time high.
Will United States Oil Fund • Robinhood Token go back down?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: USO is +2.04% over 7 days and +17.28% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, USO's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.