Doing worse than the market
The total crypto market is −4.3% in 24 hours. SN31 is −9.7%, 5.4% worse than the market, so part of the move is specific to Candles.
Why is the crypto market moving? →
why / sn31
Why is Candles down today?
Candles (SN31) is down 9.7% in the last 24 hours, trading at $0.8181. That is 5.4% worse than the whole crypto market (−4.3%), so part of the move is specific to Candles. It is now at its lowest price in 30 days.
SN31 24h−9.70%
Whole market 24h−4.25%
Bitcoin 24h−4.95%
Link to BTC (30d)0.07
Volume vs normal—
signals
What is moving Candles
Strongest signals first.
Lowest price in 30 days
SN31 at $0.8181 is below every daily close of the past month (previous low $0.9079). Breaking a recent low can trigger stop-loss selling.
Moving on its own, not with Bitcoin
Over the last 30 days, SN31's daily moves had a 0.07 correlation with Bitcoin (1 means identical direction). That is low: SN31 has mostly moved on its own lately, while Bitcoin is −5.0% today.
Bitcoin price →Weak month
SN31 is −14% this week and −34% over 30 days, so today's move continues the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of SN31 positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Candles
faq
Questions
Why is Candles down today?
Candles (SN31) is down 9.7% in the last 24 hours, trading at $0.8181. That is 5.4% worse than the whole crypto market (−4.3%), so part of the move is specific to Candles. It is now at its lowest price in 30 days.
Will Candles go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SN31 is −14.09% over 7 days and −33.82% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, SN31's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.