why / snt

Why is Status down today?

−7.98% 24h
Short answer

Status (SNT) is down 8.0% in the last 24 hours, trading at $0.00668. That is 4.1% worse than the whole crypto market (−3.9%), so part of the move is specific to Status. Its sector, Layer 2 (L2), is −3.3% today.

· from live market data
SNT 24h−7.98%
Whole market 24h−3.93%
Bitcoin 24h−4.33%
Link to BTC (30d)-0.16
Volume vs normal—
Layer 2 (L2) sector−3.34%
signals

What is moving Status

Strongest signals first.

Doing worse than the market

The total crypto market is −3.9% in 24 hours. SNT is −8.0%, 4.1% worse than the market, so part of the move is specific to Status.

Why is the crypto market moving? →

The Layer 2 (L2) sector is down

Status is part of the Layer 2 (L2) sector, which is −3.3% today. SNT is moving with its sector.

Layer 2 (L2) sector →

Lowest price in 30 days

SNT at $0.00668 is below every daily close of the past month (previous low $0.00706). Breaking a recent low can trigger stop-loss selling.

Moving on its own, not with Bitcoin

Over the last 30 days, SNT's daily moves had a -0.16 correlation with Bitcoin (1 means identical direction). That is low: SNT has mostly moved on its own lately, while Bitcoin is −4.3% today.

Bitcoin price →

Weak month

SNT is −7.0% this week and −21% 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 →
VIP

Liquidations, funding and open interest

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

See VIP layers →
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Keep exploring Status

faq

Questions

Why is Status down today?

Status (SNT) is down 8.0% in the last 24 hours, trading at $0.00668. That is 4.1% worse than the whole crypto market (−3.9%), so part of the move is specific to Status. Its sector, Layer 2 (L2), is −3.3% today.

Will Status go back up?

Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SNT is −7.01% over 7 days and −21.42% 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, SNT'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.