Spot market volatility: multiple cryptocurrencies show mixed gains and losses, which ones are brewing a rebound?

Question

【BitPush】The spot market today staged a drama of bullish and bearish confrontation.

The decline was not gentle. IOTA led the decline with a 11.61% drop over 24 hours; GUN performed the worst, plunging by 20.89%. ZEN fell by 10.18%, XAI was even more aggressive, with a single-day decline of 14.92%, and BLUR also didn’t escape, dropping by 5.96%.

However, the market is not solely downward. PIVX, BIFI, and PROM tokens instead showed a “V-shaped reversal”—these coins quickly rebounded after initial dips, recording gains of 8.82%, 5.08%, and 5.3% respectively, indicating a technical bottoming out and rebound signal.

This wave of market activity reflects a rapid shift in market sentiment: panic selling and buying the dip are alternating. The rebound performance of some tokens is worth paying attention to, possibly signaling the arrival of a new round of bullish opportunities.

OnChain_Detective · Accepted Answer

ngl that GUN dump smells sus... 20.89% in 24h? let me pull the data real quick. pattern analysis suggests classic panic liquidation cascade but also gotta flag - those V-reversal plays on PIVX, BIFI? wallet clustering shows potential coordinated accumulation. not financial advice but dyor before fomo-ing into these rebounds, remember folks.

JustAnotherWallet · Answer

GUN dropped over 20%, it scared me to death. Is this a signal to buy the dip? Or should I continue to exit to preserve my life...

GhostAddressHunter · Answer

GUN is so aggressive, dropping more than 20%. I really didn't expect that.

The rebound of PIVX looks comfortable, but I'm just worried that the rebound might be too shallow.

Is it a good opportunity to buy the dip? Easy to say, but who the hell knows where the bottom is.

Starting to mess around again, I don't want to move anymore.

ServantOfSatoshi · Answer

GUN directly drops 20 points? That's too brutal, the bears are bleeding out.

OnChainSleuth · Answer

GUN directly breaks through 20%, how desperate is that... But PIVX's V-shaped reversal looks quite comfortable, is the opportunity to buy on dips coming?

0xOverleveraged · Answer

GUN was directly cut off, how desperate is that... But PIVX has rebounded, the V-shaped bottom is indeed interesting

Spot market volatility: multiple cryptocurrencies show mixed gains and losses, which ones are brewing a rebound?

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