*đš Crypto Market Update â OGN, SOXL & NEAR Face Strong Selling Pressure! Should You Buy in Spot Now?*
@Diamond Hayles fyVC
The crypto market is facing renewed selling pressure today. According to Binance Futures market data on October 9, almost all top perpetual contracts are trading in red. The overall sentiment is weak due to profit-booking and liquidation in altcoins.
Major coins have dropped between 1% to 7% in the last 24 hours. This correction comes after a small recovery last week, and now bears are again dominating the market.
*1. How Much Did The Market Fall Today?*
Today the market is clearly down. From the trending list, we can see a strong red wave. SOXLUSDT is down -4.43% at $140.43, NEARUSDT dropped -3.27% to $4.79, and SPCXUSDT is down -1.79%. Even large caps like XRPUSDT (-1.05%) and SNDKUSDT (-1.07%) are in loss. Only Silver XAGUSDT is up +2.95%, showing investors are moving to safe assets.
*2. Which Coin Fell The Most?*
Among the top 3 losers I selected, OriginToken OGNUSDT is the biggest loser. OGN crashed -7.44% to $0.03818 with 796M USDT volume, which is a very sharp fall. After OGN, SOXLUSDT is second biggest loser with -4.43% fall and 2.35B USDT volume, showing heavy selling. Third is NEAR Protocol NEARUSDT, down -3.27% to $4.79 with 1.13B USDT volume. OGN's -7.44% drop shows high volatility and panic selling in low-cap coins.
*3. Should You Invest in Spot Trade Now?*
This is not the time for panic selling, but for smart spot accumulation. For spot traders, this dip can be a good opportunity if you follow risk management. Do not invest all money at once. Use DCA strategy. OGN is very risky now, so avoid big investment until it stabilizes above $0.04. SOXL and NEAR are better for spot buying on support levels. NEAR near $4.50 and SOXL near $135 can be good accumulation zones for short-term bounce. Always put stop-loss and invest only 5-10% of your portfolio in one coin.
Writer: Sahil-Sindhi
#CryptoNews #CryptoMarket #CryptoCrash #OGN #SOXLUSDT #NEARProtocol #Binance
@Diamond Hayles fyVC
The crypto market is facing renewed selling pressure today. According to Binance Futures market data on October 9, almost all top perpetual contracts are trading in red. The overall sentiment is weak due to profit-booking and liquidation in altcoins.
Major coins have dropped between 1% to 7% in the last 24 hours. This correction comes after a small recovery last week, and now bears are again dominating the market.
*1. How Much Did The Market Fall Today?*
Today the market is clearly down. From the trending list, we can see a strong red wave. SOXLUSDT is down -4.43% at $140.43, NEARUSDT dropped -3.27% to $4.79, and SPCXUSDT is down -1.79%. Even large caps like XRPUSDT (-1.05%) and SNDKUSDT (-1.07%) are in loss. Only Silver XAGUSDT is up +2.95%, showing investors are moving to safe assets.
*2. Which Coin Fell The Most?*
Among the top 3 losers I selected, OriginToken OGNUSDT is the biggest loser. OGN crashed -7.44% to $0.03818 with 796M USDT volume, which is a very sharp fall. After OGN, SOXLUSDT is second biggest loser with -4.43% fall and 2.35B USDT volume, showing heavy selling. Third is NEAR Protocol NEARUSDT, down -3.27% to $4.79 with 1.13B USDT volume. OGN's -7.44% drop shows high volatility and panic selling in low-cap coins.
*3. Should You Invest in Spot Trade Now?*
This is not the time for panic selling, but for smart spot accumulation. For spot traders, this dip can be a good opportunity if you follow risk management. Do not invest all money at once. Use DCA strategy. OGN is very risky now, so avoid big investment until it stabilizes above $0.04. SOXL and NEAR are better for spot buying on support levels. NEAR near $4.50 and SOXL near $135 can be good accumulation zones for short-term bounce. Always put stop-loss and invest only 5-10% of your portfolio in one coin.
Writer: Sahil-Sindhi
#CryptoNews #CryptoMarket #CryptoCrash #OGN #SOXLUSDT #NEARProtocol #Binance