ONE EXPERIENCING MASSIVE DOWNTREND 💸📉
$ONE is dropping due to a significant loss of investor confidence, driven by the recent attack that appears to have minted tokens equal to a quarter of its supply 📊. This has led to a substantial increase in selling pressure, with its price plummeting by 38.24% in the last 24 hours, reaching a low of $0.000580 💸. The coin's price is currently hovering near its support zone at ~$0.000583, which is a critical level to watch for potential reversal or further downside 📊.
The current downtrend is characterized by a substantial increase in trading volume, reaching $74.56M, which suggests that investors are actively selling $ONE , driving its price lower 💸. This move is likely a structural breakdown rather than a healthy correction, given the severity of the attack and its impact on the coin's supply 📉.
Levels to monitor:
Watching support around $0.000580
Structure suggests resistance near $0.001247
Mid range area: $0.000916
DYOR
Follow for Updates
#ONE #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
$ONE is dropping due to a significant loss of investor confidence, driven by the recent attack that appears to have minted tokens equal to a quarter of its supply 📊. This has led to a substantial increase in selling pressure, with its price plummeting by 38.24% in the last 24 hours, reaching a low of $0.000580 💸. The coin's price is currently hovering near its support zone at ~$0.000583, which is a critical level to watch for potential reversal or further downside 📊.
The current downtrend is characterized by a substantial increase in trading volume, reaching $74.56M, which suggests that investors are actively selling $ONE , driving its price lower 💸. This move is likely a structural breakdown rather than a healthy correction, given the severity of the attack and its impact on the coin's supply 📉.
Levels to monitor:
Watching support around $0.000580
Structure suggests resistance near $0.001247
Mid range area: $0.000916
DYOR
Follow for Updates
#ONE #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare