$OXT has experienced a significant decline of 7.106% over the past 24 hours.
The price fluctuated between 0.0579 and 0.0532, indicating heightened volatility.
Currently, the upward resistance is set at 0.0574 with crucial support at 0.0532.
The overall market trend remains bearish, which suggests a weak momentum for OXT.
Macroeconomic factors, including inflation and regulatory uncertainty, are stifling investor sentiment.
Bitcoin's influence on OXT remains undefined, which may be contributing to its erratic behavior.
Traders may consider a short-term approach to mitigate potential losses amid this volatility.
Key takeaway: OXT's current downtrend, combined with macroeconomic pressures, necessitates cautious trading strategies.
