Deep Dive
1. Technical Breakdown (Bearish Impact)
Overview: BOND’s price ($0.177) trades below the 200-day SMA ($0.227) and 30-day EMA ($0.179), signaling a long-term downtrend. The RSI-7 (44.42) shows no oversold conditions, leaving room for further downside.
What this means: Breakdowns below moving averages often trigger algorithmic stop-loss orders, exacerbating sell-offs. The lack of oversold RSI readings reduces the likelihood of a near-term bounce.
What to look out for: A sustained close above the 30-day EMA ($0.179) to signal potential stabilization.
2. Liquidity Erosion From Delistings (Bearish Impact)
Overview: KuCoin delisted BOND in February 2025, followed by ONUS in July 2024, cutting access to ~20% of its historical trading volume.
What this means: Reduced exchange support limits buying avenues and increases volatility. The 72.66% surge in 24h volume suggests panic selling into thin order books.
3. Bearish Sentiment From INDODAX Rating (Bearish Impact)
Overview: INDODAX flagged BOND as bearish on 9 June 2025, citing its failure to hold the EMA-200 support.
What this means: Retail traders in Indonesia (a key BOND market) likely accelerated exits, compounding technical selling.
Conclusion
BOND’s plunge reflects a convergence of technical triggers, liquidity constraints, and lingering negative sentiment. While the Olympus Pro ecosystem mention (July 2025) offered brief optimism, structural challenges dominate.
Key watch: Can BOND stabilize above its 7-day SMA ($0.1756) to avoid a retest of the June 2025 low ($0.165)? Monitor exchange inflows/outflows for signs of capitulation.