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Why is DexNet down today?

−14.71% 24h
Short answer

DexNet (DEXNET) is down 15% in the last 24 hours, trading at $0.00257. That is 12% worse than the whole crypto market (−3.0%), so part of the move is specific to DexNet. Its sector, DePIN, is −4.7% today.

· from live market data
DEXNET 24h−14.71%
Whole market 24h−3.00%
Bitcoin 24h−3.46%
Link to BTC (30d)0.18
Volume vs normal—
DePIN sector−4.71%
signals

What is moving DexNet

Strongest signals first.

Doing worse than the market

The total crypto market is −3.0% in 24 hours. DEXNET is −15%, 12% worse than the market, so part of the move is specific to DexNet.

Why is the crypto market moving? →

The DePIN sector is down

DexNet is part of the DePIN sector, which is −4.7% today. DEXNET is moving with its sector.

DePIN sector →

Lowest price this week

DEXNET dipped below its 7-day range (low $0.00266).

Moving on its own, not with Bitcoin

Over the last 30 days, DEXNET's daily moves had a 0.18 correlation with Bitcoin (1 means identical direction). That is low: DEXNET has mostly moved on its own lately, while Bitcoin is −3.5% today.

Bitcoin price →

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 →
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Liquidations, funding and open interest

See whether leveraged traders are being forced out of DEXNET positions right now, on the chart, in the Blockdeck app.

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Keep exploring DexNet

DexNet price and chart

Live price, candles, stats and market data

Think DEXNET turns up?

Call it in Daily Calls and get scored in 24 hours

If you had bought DEXNET

What a past purchase is worth today

Why is crypto moving today?

The whole market, sectors and biggest movers

faq

Questions

Why is DexNet down today?

DexNet (DEXNET) is down 15% in the last 24 hours, trading at $0.00257. That is 12% worse than the whole crypto market (−3.0%), so part of the move is specific to DexNet. Its sector, DePIN, is −4.7% today.

Will DexNet go back up?

Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: DEXNET is −3.96% over 7 days and −4.72% 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, DEXNET'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.