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๐จ Will COMP Ever See $911 Again? Big Question for Holders!
COMP was once flying high at $911, but today itโs hovering around $46.64 ๐จ.
๐ Current Snapshot:
24h High: $48.66
24h Low: $46.09
Major Support Zone: ~$23
MA7 & MA25: Still trending above the current price.
๐ Key Points: โ Volume is low compared to its previous ATH days. โ Moving averages show no bullish reversal yet. โ Recovery to $911 would require massive capital inflow and big market momentum.
โ ๏ธ Conclusion: For now, COMP is still in a downtrend. Long-term ATH retests like $911 are possible only if strong fundamentals, market sentiment, and liquidity return.
๐จ High Engagement but No Reward Received โ Kindly Review!
My Square post โZKJ Token Crashesโ performed much better than average (96%+ click rate, 14K+ views). Despite this, I havenโt received any reward for it yet. Kindly review this issue and process the reward if eligible. Thanks Binance team! ๐ @Binance Square Official
1. ๐ Whale Dump A large holder (whale) may have sold a big amount of DEXE, triggering a cascade of sell orders and panic selling.
2. ๐จ Market Panic / Stop-Loss Hunting Such sharp candles often trigger stop-losses, which lead to automated selling. This can exaggerate the fall within minutes.
3. ๐ฐ Negative News or FUD There could be negative news around the DEXE project (like security concerns, team issues, or delisting rumors). It spreads fast and causes fear in the market.
4. ๐ง Low Liquidity If the market has thin buy orders, even a moderate sell can cause a sharp crash. DEXEโs 24h volume of just 1.14M hints at weak liquidity.
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๐ Technical View: ๐ Price crashed far below MA7, MA25, and MA99 โ signaling a breakdown, not just a correction. โ ๏ธ If it doesnโt recover quickly, more downside could follow.
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โ ๏ธ Conclusion: This sudden crash appears to be a mix of whale activity, panic selling, low liquidity, and possible negative sentiment. Stay cautious, wait for consolidation, and always DYOR before re-entry. ๐