How Quack AI’s 22% price crash puts Q’s $0.06 support in focus

Quack AI [Q] suffered a deep market correction, losing 21.71% of its recent gains within 24 hours at press time, as its trading activity also weakened across the markets. The rapid price depreciation pushed Q to $0.09324, raising concerns about further losses. The token’s trading activity also declined considerably, with its 24-hour spot volume dropping 22.44% to $26.41 million. This simultaneous decline in price and volume implied a weakening market participation as Q corrected from its recent highs, above $0.13 earlier in October. As the sellers took over control, the downturn notably extended into the derivatives markets, as market participants also limited their exposure. Q derivatives shrink as OI plunges The derivatives market also registered a considerable contraction, which validated the broader decline in trading activity.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to AMBCrypto.