DATA -186.19% in 24 Hours Amid Sharp Volatility
- DATA plummeted 186.19% in 24 hours on August 31, 2025, extending its 7-day 455.61% decline amid heightened volatility. - Despite a 644.95% 30-day rebound, the asset faces a 6,663.26% annual drop, reflecting extreme price instability. - Technical indicators show bearish signals: 50-day/200-day MA crossover, RSI below 30, and MACD bearish crossover. - Analysts link the drop to profit-taking and risk-off sentiment, though no direct cause has been confirmed.
DATA experienced a dramatic 186.19% drop over the past 24 hours as of August 31, 2025, closing at $0.01672. This marked a continuation of the asset’s volatile trajectory, which saw a 455.61% decline over the previous 7 days. Despite this recent plunge, DATA has shown a substantial rebound of 644.95% over the past 30 days, underscoring the highly erratic nature of its price movements. The asset has also faced a broader bearish trend, with a 6,663.26% decline reported over the past year.
The sharp 24-hour fall appears to reflect intensified bearish momentum following a period of recent gains. Analysts suggest the decline may have been triggered by a combination of profit-taking and broader market risk-off sentiment. However, no direct cause has been confirmed for the drop, and the market remains in a state of heightened sensitivity to macroeconomic signals and investor sentiment shifts.
Technical indicators currently reflect a bearish bias. The 50-day and 200-day moving averages have diverged further, with the 50-day line falling below the 200-day line, forming a bearish crossover. This has added weight to the downward trend. In addition, the Relative Strength Index (RSI) has fallen below 30, signaling oversold conditions, though this may not necessarily indicate an immediate reversal. The MACD line has crossed below the signal line, reinforcing the negative momentum. These factors, taken together, paint a clear short-term bearish picture, with further downside risk remaining in play.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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