NTRN fluctuated 52.7% in 24 hours: Technical rebound after panic selling triggered by Binance delisting announcement

Volatility Overview

Over the past 24 hours, the price of NTRN rebounded from a low of $0.0055 to a high of $0.0084, currently trading at $0.0058, with a fluctuation of up to 52.7%. The 24-hour trading volume ranged from approximately $4.59 million to $7.23 million, up 20.3%-81.4% compared to the previous day; spot trading volume was around $1.94 million, and futures volume approximately $5.61 million, showing an overall sign of net capital outflow.

Brief Analysis of Abnormal Movements

• Binance announced on March 19 that it would delist NTRN along with seven other tokens on April 1, which triggered panic selling. The price dropped by as much as 31.65% to $0.00553 that day, while trading volume surged 158.89% to $7.79 million.

• Subsequently, there was a technical rebound, rising 8.48% from the oversold level to around $0.00598, accompanied by a 4.8x surge in buy orders, yet overall net capital outflow persisted.

Market Opinions and Outlook

Market sentiment is mixed but leans cautious. Some traders view post-high volume sell-off lows as an accumulation opportunity by "smart money" and are optimistic about a short-term rebound to $0.008-$0.0093. However, it is important to be aware that a failure to hold the $0.0054 support could lead to a fake breakout. Mainstream opinions stress the risk of delisting, and the overall bearish sentiment prevails. It is recommended to monitor volume confirmation.