Cluster Protocol Price Prediction: CP Dips After Coinbase Debut

Cluster Protocol price prediction interest is rising after CP began trading on Coinbase, with Open Protocol Labs confirming on X that $CP is the settlement asset for Cluster Protocol's inference, data, and compute network built on Base. The listing news comes at a volatile moment for $CP, which is down 8.11% over the past 24 hours to trade near $0.03049 and touched a fresh all-time low of $0.02919 just hours ago, according to CoinGecko data. Cluster Protocol Price Snapshot $CP is trading at $0.03049, down 7.0% intraday, with a 24-hour range of $0.02919 to $0.03461, per CoinGecko. The token's all-time high of $0.04629 was set just three days ago on 2 September 2026, meaning $CP has already fallen 33.9% from that high, while today's all-time low of $0.02919 was set only about seven hours ago. Market cap sits at $41.736 million with a fully diluted valuation of $152.422 million, and 24-hour trading volume is $49.254 million. DefiLlama shows a similar picture, pricing CP near $0.032 with a market cap of $44.15 million, a $161.25 million fully diluted valuation, and $53.32 million in 24-hour volume. The circulating supply stands at 1.369 billion CP against a fixed total and max supply of 5 billion tokens. Cluster Protocol Long/Short Positioning, Price Performance Coinglass data show CP's price performance largely flat to lower across timeframes, down 0.57% over 4 hours, 8.11% over 24 hours, and 17.14% across the 7-day, 30-day, 90-day, 180-day, year-to-date, and all-time readings alike, a pattern consistent with a token that only recently began trading. Long/short data is still limited, with Binance showing no accounts data yet and OKX's long/short ratio reading 2.29, indicating accounts on that exchange are currently leaning heavily long. Liquidations remain small in absolute terms given CP's size, with 24-hour figures showing $159,260 in long liquidations against $115,090 in shorts, while the 4-hour window shows the opposite skew at $62,790 in shorts against $16,300 in longs. Futures trading volume is led by Bybit at $51.91 million and OKX at $38.15 million, with Bitget contributing $5.06 million. Cluster Protocol Open Interest Analysis CP's open interest has been climbing even as price falls, per Coinglass tracking, a combination often described as bearish divergence. Open interest rose from around $4.0 million to $5.53 million between 4 and 5 September, while CP's price fell from roughly $0.038 to $0.031 over the same window. The current reading stands even higher near $5.64 million. Rising open interest during a price decline typically points to fresh short positioning building into the move, though it can also reflect longs accumulating at lower levels, and the next few sessions should help clarify which side is in control.