The DeFi sector of the crypto market rose across the board, with an overall increase of 18% in 24 hours

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Cointime2024/11/07 04:12

By:Cointime

the DeFi sector of the cryptocurrency market has risen across the board, with an overall increase of 18% in the past 24 hours, and a total market value exceeding 83.885 trillion.

Among them:

CoW Protocol (cow) rose more than 106.1% in the past 24 hours;

Cetus Protocol (CETUS) rose more than 46.7% in the past 24 hours;

Lido DAO (LDO) rose more than 34.4% in the past 24 hours;

Ethena (ENA) rose more than 24.7% in the past 24 hours;

Aave (AAVE) rose more than 24.2% in the past 24 hours;

Raydium (RAY) rose more than 24% in the past 24 hours;

Maker (MKR) rose more than 22.9% in the past 24 hours;

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14