Doing worse than the market
The total crypto market is −3.2% in 24 hours. MICHI is −16%, 12% worse than the market, so part of the move is specific to michi.
Why is the crypto market moving? →
why / michi
Why is michi down today?
michi (MICHI) is down 16% in the last 24 hours, trading at $0.00215. That is 12% worse than the whole crypto market (−3.2%), so part of the move is specific to michi. It is now at its lowest price in 30 days.
MICHI 24h−15.64%
Whole market 24h−3.25%
Bitcoin 24h−3.63%
Link to BTC (30d)0.05
Volume vs normal—
signals
What is moving michi
Strongest signals first.
Lowest price in 30 days
MICHI at $0.00215 is below every daily close of the past month (previous low $0.00229). Breaking a recent low can trigger stop-loss selling.
Moving on its own, not with Bitcoin
Over the last 30 days, MICHI's daily moves had a 0.05 correlation with Bitcoin (1 means identical direction). That is low: MICHI has mostly moved on its own lately, while Bitcoin is −3.6% today.
Bitcoin price →Weak month
MICHI is −13% this week and −37% 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 MICHI positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring michi
faq
Questions
Why is michi down today?
michi (MICHI) is down 16% in the last 24 hours, trading at $0.00215. That is 12% worse than the whole crypto market (−3.2%), so part of the move is specific to michi. It is now at its lowest price in 30 days.
Will michi go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: MICHI is −13.27% over 7 days and −37.14% 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, MICHI'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.