$PUNDIX current price 0.633, very high open interests, short positions 65%. No reason to rise higher price. Funding fee -0.199%.

When it rises to higher price, many trader will sell short, funding fee will increase for short position. So don't be a first person sell short, lets wait. Estimation for next peaks 0.66 - 0.7 - 0.74

I do not recommend to buy long as we don't know when it dumps