Deep Dive
1. Exchange Delisting Impact (Bearish)
Overview: CoinW delisted GARI/USDT on June 12, 2025, halting deposits/withdrawals by July 10. While dated, reduced exchange access limits buyer entry and amplifies sell-offs in thin markets.
What this means: Delistings often trigger prolonged liquidity crunches, especially for micro-cap tokens like GARI ($2.09M market cap). With fewer trading venues, holders face higher slippage, discouraging accumulation.
What to look out for: New exchange listings or volume spikes on remaining platforms (KuCoin, Kraken).
2. Aptos Ecosystem Profit-Taking (Mixed)
Overview: GARI surged 66% on August 3 after NullTX coverage highlighted its Aptos integration for Web3 creator monetization. However, the rally lacked sustained volume, with 24h turnover at 0.57x (moderate liquidity risk).
What this means: Short-term traders likely exited positions after the hype faded, exacerbated by broader altcoin weakness (CMC Altcoin Season Index down 11.5% weekly).
What to look out for: Chingari app user growth (50M+ claimed) and Aptos ecosystem updates.
3. Technical Breakdown (Bearish)
Overview: GARI broke below its 30-day SMA ($0.00449) and tests Fibonacci support at $0.0037. The MACD histogram (-0.0000237) confirms bearish momentum, while RSI (51) shows no oversold signal yet.
What this means: The price risks revisiting July’s low of $0.00283 if $0.0037 fails. However, the 200-day SMA ($0.00332) could stabilize losses if buyers step in.
What to look out for: A close above $0.004 (30-day SMA) to invalidate the downtrend.
Conclusion
GARI’s decline reflects post-delisting illiquidity, profit-taking after ecosystem-driven gains, and bearish technical triggers. While the Aptos partnership offers long-term utility, micro-cap volatility and exchange risks dominate near-term action.
Key watch: Can GARI hold $0.0037 Fibonacci support, or will thin liquidity drive a retest of 2025 lows?