4 (4) fell by 10.47% in 24 hours

Gate News Bot message, on November 19, according to CoinMarketCap data, as of the time of writing, 4 (4) is currently reported at 0.04 USD, down 10.47% in the last 24 hours, with a high of 0.06 USD and a low of 0.04 USD. The current market capitalization is approximately 416,000 USD, a decrease of about 4.86 million USD compared to yesterday.

4 Recent Important News:

1️⃣ The cryptocurrency market is experiencing an overall pullback, with the Meme sector leading the fall The cryptocurrency market has experienced a全面回调, with the Meme coin sector leading the fall by over 4%. As one of the representatives of Meme coins, 4 has also not been spared, dropping by 10.47% within 24 hours. This reflects the current decrease in market risk appetite, with investors becoming more cautious towards high-risk assets.

2️⃣ Short-term holders sell off in large quantities The realized losses of short-term holders have surged significantly, with the 7-day exponential moving average showing $427 million/day, the highest level since November 2022. This indicates a heightened sense of panic in the market, with short-term speculative funds rapidly exiting, causing substantial selling pressure on small-cap tokens ranked 4 and below.

3️⃣ The direction of the Federal Reserve's monetary policy is unclear The Federal Reserve will soon release the minutes of its monetary policy meeting, and there is a divergence in the market regarding whether the Fed will cut interest rates in December. This uncertainty has led investors to adopt a cautious attitude towards risk assets, further exacerbating the downtrend of small-cap tokens with a market capitalization of 4.

From a technical perspective, the price has fallen below the important support level of $0.05, and it may face further downward pressure in the short term. Investors should closely monitor the support situation around $0.04 and the overall sentiment in the cryptocurrency market.

This message is not intended as investment advice; investors should be aware of market volatility risks.