Moving with the whole market
The total crypto market is −4.3% in 24 hours. SPELL is −4.8%, about the same, so this looks like a market-wide move rather than something specific to Spell.
Why is the crypto market moving? →
why / spell
Why is Spell down today?
Spell (SPELL) is down 4.8% in the last 24 hours, trading at $0.0000761. The whole crypto market is −4.3%, so this is mostly a market-wide move. It usually moves with Bitcoin, which is −5.0% today.
SPELL 24h−4.76%
Whole market 24h−4.25%
Bitcoin 24h−4.95%
Link to BTC (30d)0.81
Volume vs normal1.1×
signals
What is moving Spell
Strongest signals first.
Follows Bitcoin closely
Over the last 30 days, SPELL's daily moves had a 0.81 correlation with Bitcoin (1 means identical direction). It usually follows Bitcoin, which is −5.0% today.
Bitcoin price →Weak month
SPELL is −12% this week and −24% over 30 days, so today's move continues the monthly trend.
Normal trading volume
Volume is close to its 30-day average (1.1×), so there is no rush of buyers or sellers today.
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 SPELL positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Spell
faq
Questions
Why is Spell down today?
Spell (SPELL) is down 4.8% in the last 24 hours, trading at $0.0000761. The whole crypto market is −4.3%, so this is mostly a market-wide move. It usually moves with Bitcoin, which is −5.0% today.
Will Spell go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SPELL is −11.72% over 7 days and −24.42% 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, SPELL'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.