Clearpool price soars on Upbit listing, how high can it go?

CPOOL, the native token of the DeFi institutional credit protocol Clearpool, went parabolic after Upbit announced its listing.

According to data from crypto.news, Clearpool (CPOOL) rallied 72% to an intraday high of $0.172 before settling at $0.134 at the time of writing.

CPOOL’s gains came along with a 780% surge in its daily trading volume in the spot market, hinting at robust demand from investors. Data from CoinGlass also pointed to a massive uptick in open interest in its futures market, with OI rising nearly 3,000% to $3.69 million, suggesting growing speculative interest. 

A closer look at the long/short ratio across all exchanges also stood at 1.14. This means that a larger number of traders have leaned into bullish bets, a factor that could continue to drive positive sentiment among new investors.

Clearpool’s price shot up today shortly after the South Korean crypto exchange Upbit announced it would list the token on its platform. Listings on major exchanges like Upbit, which boasts the highest trading volume in South Korea, often enhance a token’s visibility and credibility, attracting a wave of new investors and triggering sharp price gains.

As earlier reported by crypto.news, ORCA, the native token of the Solana-based DEX Orca, rallied over 200% shortly after a similar listing announcement from Upbit.

However, investors should note that listing-based, community hype-driven rallies often face sharp pullbacks within days as traders start booking profits.

For the uninitiated, Clearpool is a decentralized institutional credit protocol that connects verified institutional borrowers with unsecured liquidity from DeFi lenders. The CPOOL token enables staking, governance, and incentivizes participants within the Clearpool protocol.

Clearpool price analysis

On the daily chart, CPOOL price has broken out from the upper boundary of a descending parallel channel that had been forming since mid‑August. 

Descending parallel channel patterns usually show a token making lower highs and lower lows. The price moves within two downward-sloping, parallel lines, forming a steady downtrend. If the price breaks above the top line, it often signals a bullish reversal. But if it breaks below the bottom line, it usually means the downtrend will continue.

Technical indicators support the bullish picture at press time. Notably, the MACD line has crossed above the signal line, indicating momentum is continuing to shift in favor of bulls. Meanwhile, the RSI has climbed sharply to 57, moving above its neutral zone, which in turn suggests renewed buying pressure.

For now, the key resistance lies near $0.172, the intraday high formed earlier today. This level also coincides closely with the 61.8% Fibonacci retracement drawn from the Aug. 23 high to the Oct. 10 low, a critical zone that often acts as a major inflection point. 

A decisive break above this resistance could instill bulls to target $0.190, a level where buying momentum had previously stalled, making it a key psychological barrier in the short term. The said level lies 42% above the current price level.

On the downside, a drop below $0.116, corresponding to the 23.6% Fibonacci retracement level, could invalidate the current rally and tilt momentum back in favor of the bears.