The biggest loser on the 24-hour list, $ENA , fell -6.66%, breaking below its previous 30-day low of 0.156 and setting a new 30-day low 😳. The next two, $PUMP and $ZEC , fell -6.07% and -3.58%, respectively.
Meanwhile, BTC was down just -0.24% over 24 hours, and the broader market barely moved. ENA has already fallen 15.9% over the past 7 days, so it’s clearly facing its own selling pressure. Even stranger, its 24-hour trading volume was only 0.5 times its average daily volume over the past 7 days. It hit a new low despite barely anyone trading it, which suggests there’s almost no buying support below.
Whenever you check the biggest losers list, you need to look into the reason first. A project-specific problem and a pullback caused by the broader market call for completely different responses. Are you still holding your altcoins?
Meanwhile, BTC was down just -0.24% over 24 hours, and the broader market barely moved. ENA has already fallen 15.9% over the past 7 days, so it’s clearly facing its own selling pressure. Even stranger, its 24-hour trading volume was only 0.5 times its average daily volume over the past 7 days. It hit a new low despite barely anyone trading it, which suggests there’s almost no buying support below.
Whenever you check the biggest losers list, you need to look into the reason first. A project-specific problem and a pullback caused by the broader market call for completely different responses. Are you still holding your altcoins?
