Towns encryption: $ 0.08 to $ 0.035 in 48 hours – beyond this decrease by 50 %? star-news.press/wp

Main meals

Towns Checks was destroyed 50 % after the whales were transferred to the stock exchanges and the retail exchange. Future data signals are the most risks of the next passive side.

Cities (cities) decreased by 50.79 % of the highest level ever at $ 0.088 to the lowest level ever at $ 0.035 before recovering slightly at the time of the press.

As of the writing of these lines, cities were trading about $ 0.039, which represents 29 % of the new low registered on daily plans.

At the same time, the market ceiling has shrunk from $ 163 million to $ 86.3 million, reflecting rapid capital flows. So what exactly happened?

Emptying whales while senior owners rushed

According to Ambrypto analysis of Nansen data, the whales began to sell strongly after cities rose to $ 0.08.

Source: Nansen

On August 4, the city’s senior holders increased their shares by 3.13 billion symbols. In total, the property of the top addresses increased by 61 % to 10.21 billion symbols.

However, since the price rose on the fifth of August, these titles decided to exchange money and make profit.

The exchange balance of the upper governor increased to 525.05 million – a huge increase of 2.6 billion per cent – while withdrawals amounted to only 8 million.

This style indicates that the whales were placed to empty the market power. Of course, these flows on the stock exchange are pressing the price pressure down, which contributes to rapid collapse.

Source: Nansen

The retail sale joins the exit

It is not surprising, with prices jumping, retailers jumped in the immediate market for sale.

On the fifth and sixth of August, Coinalyze recorded a cumulative sale volume of more than two billion icons via Binance and Coinbase.

Net purchase/sale of Delta came negative for both days, in -42 million and 11 million, respectively.

Source: Coinalyze

Such significant pressure signals are aggressive signals in the immediate market. Usually, when sellers dominate the market, it indicates a long -term condemnation, or the first investors to achieve profits and avoid losses.

Futures measures, traders shorten the apostasy

Futures turned into calm quickly.

The open interest decreased from $ 12.6 million to $ 10.93 million – indicating the demand for speculation. The long/short percentage decreased to 0.88, with 53 % of the positions now.

Source: Coinalyze

In addition, the financing rate remained negative at -0.0240, while the expected financing rate of -0.0227 was, indicating that traders were still paying the short pants.

Source: Coinalyze

These readings highlight the ongoing expectations from the negative side.

Source: Coinalyze

Will you see Towns encrypt more losses?

According to Ampcrypto analysis, Towns Crypto Token witnessed significant losses and then fell after the sellers took control of the market.

Therefore, if the sale activity continues at the current speed, the code is likely to lose more losses. A continuation of the current trend will witness the decline of cities to $ 0.034.

Source: TradingView

However, if buyers intervene and solve sellers, renewed demand may enhance the distinctive symbol to restore $ 0.046.