IR (InfraredFinance) fluctuated 44.3% in 24 hours: TermMaxFi lending market launch triggers major volatility

Volatility Brief

In the past 24 hours, IR price rebounded from a low of $0.03953 to a high of $0.05705, currently reported at $0.047, with a price fluctuation amplitude of 44.3%. Trading volume surged significantly to around $3.96-5.96 million, a 176.5% increase compared to the previous period, reflecting active short-term buying and selling.

Brief Analysis of the Cause of the Move

- TermMaxFi launched a new lending market on Berachain on April 11, supporting Infrared sIR as collateral to borrow HONEY (fixed rate), and integrated Beefy vaults. This move boosted liquidity and utility for the IR protocol, directly triggering significant price volatility (40.9%-47.5%).

- No significant on-chain whale trades or net capital inflows/outflows reported. The volatility mainly stems from short-term buying interest brought about by DeFi ecosystem integration.

Market Perspective and Outlook

Mainstream sentiment among the community and traders remains cautious. X platform discussions focus on the 4.6-fold increase in sell orders post-pump and the double-top pattern. Further retracement is expected to test the $0.04492 and $0.04176 support levels, with recommendations to wait for a rebound confirmation before shorting or hedge; if $0.04856 holds with accompanying buying, it may be viewed as an absorption signal for a reversal toward $0.051+. Short-term risks include the potential selling pressure from the unlocking of about 27.64 million tokens (valued around $1.01 million) on April 17.