Over $KORUB 24 hours, the chart is down 24%—that looks brutal. But zooming in on the past four hours, the net change is just -0.64%, almost flat, while the past hour is up +0.65%. The high-low range over these four hours is nearly 10%, with a low of 10.07 and a high of 11.06; the current price of 10.8 USDT is back near the upper end of the range. 24-hour trading volume is around 20.29 million USDT.
Whether the downtrend has really stopped comes down to two levels: reclaim and hold above 11.06, the four-hour high, and this round of selling will have been stopped for now; close below 10.07, the four-hour low, and the downtrend could open up another leg lower.
That said, a market that has fallen 24% in a day is naturally volatile. This flattening could just be a brief pause—the market hasn't truly picked a direction yet.
#MarketHotspot
Whether the downtrend has really stopped comes down to two levels: reclaim and hold above 11.06, the four-hour high, and this round of selling will have been stopped for now; close below 10.07, the four-hour low, and the downtrend could open up another leg lower.
That said, a market that has fallen 24% in a day is naturally volatile. This flattening could just be a brief pause—the market hasn't truly picked a direction yet.
#MarketHotspot