Unexpected Plunge Rocks TST Coin on Binance
Main Idea
The cryptocurrency TST experienced a sudden and dramatic price drop on Binance, losing 68% of its value in 15 minutes before partially recovering, with significant impacts on futures trades and investor sentiment.
Key Points
1. TST's price plummeted from $0.04960 to $0.01547 within 15 minutes, a 68% depreciation, before stabilizing at $0.02498, marking a 38.03% daily loss.
2. The sharp decline was accompanied by a surge in trading volume and a long red candlestick on trading charts.
3. Open positions in TST futures trades decreased by 35% in 24 hours, with Binance seeing a reduction exceeding 40%.
4. Short-term moving averages suggest persistent selling pressure, with investors eyeing the $0.020-$0.025 range.
5. The event was confirmed by a Chinese blockchain journalist through shared screenshots, highlighting rising liquidity and potential continued volatility.
Description
TST experienced a sharp drop of over 68% within 15 minutes. Volume surged, indicating short-term panic selling and high liquidity. Continue Reading: Unexpected Plunge Rocks TST Coin on Binance The post Unexpected Plunge Rocks TST Coin on Binance appeared first on COINTURK NEWS .
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