The top 35 coins by market cap fell 17% in a day—is this downturn not over yet?
$RAIN fell another 17.25% today to $0.0046, the second-biggest drop among the top 250 coins by market cap. Even more alarming is the trend: down over 20% in 7 days, more than 50% in 30 days, and 75% from its August high.
Why the drop? No major sudden bad news—just a market-wide slump compounded by selling pressure of its own. Bitcoin has posted five consecutive down weeks, the Fear Index has fallen to 28, and the whole market is sliding. On top of that, RAIN has an unlock coming on November 12, with over 400 billion tokens still unreleased compared with its total supply. Selling pressure is hanging overhead.
But there’s a contrast elsewhere: $PIEVERSE rose 12.93% against the trend, leading the entire market. Even in this kind of market, investors are still looking for somewhere to go.
Key levels: $0.00486 is the 24-hour low; if it doesn’t hold, the price could keep probing lower. For a rebound, first watch whether it can reclaim $0.0056.
Volatility is extreme. Participate cautiously—don’t chase shorts in a panic, and don’t rush to buy the dip.
#RAINDown17PercentInOneDay
$RAIN fell another 17.25% today to $0.0046, the second-biggest drop among the top 250 coins by market cap. Even more alarming is the trend: down over 20% in 7 days, more than 50% in 30 days, and 75% from its August high.
Why the drop? No major sudden bad news—just a market-wide slump compounded by selling pressure of its own. Bitcoin has posted five consecutive down weeks, the Fear Index has fallen to 28, and the whole market is sliding. On top of that, RAIN has an unlock coming on November 12, with over 400 billion tokens still unreleased compared with its total supply. Selling pressure is hanging overhead.
But there’s a contrast elsewhere: $PIEVERSE rose 12.93% against the trend, leading the entire market. Even in this kind of market, investors are still looking for somewhere to go.
Key levels: $0.00486 is the 24-hour low; if it doesn’t hold, the price could keep probing lower. For a rebound, first watch whether it can reclaim $0.0056.
Volatility is extreme. Participate cautiously—don’t chase shorts in a panic, and don’t rush to buy the dip.
#RAINDown17PercentInOneDay