Deep Dive
1. Technical Weakness (Bearish Impact)
Overview: PROPC broke below its pivot point ($0.47) and Fibonacci 78.6% retracement level ($0.52144), triggering stop-losses. The 7-day RSI (19.34) indicates extreme oversold conditions, but the MACD histogram (-0.0229) shows sustained bearish momentum.
What this means: Technical traders likely accelerated selling as price breached key levels. Weakness aligns with PROPC’s 19.9% weekly decline, suggesting a lack of near-term bullish catalysts.
What to watch: A close above $0.47 could signal short-term relief, while a drop below $0.447 (swing low) risks another leg down.
2. BitGet Delisting Liquidity Shock (Bearish Impact)
Overview: BitGet halted PROPC/USDT trading on 12 July 2025 (announcement), citing low activity. While PROPC remains on MEXC and Uniswap, the delisting removed a major CEX liquidity pool.
What this means: Reduced exchange access likely amplified selling pressure, particularly from traders exiting positions before BitGet’s withdrawal deadline (12 October 2025). PROPC’s 24h volume surged 4,274% to $1.22M, reflecting panic-driven turnover.
3. Macro Crypto Sentiment (Mixed Impact)
Overview: The total crypto market cap fell 1.06% in 24h, with altcoins underperforming Bitcoin (BTC dominance +57.73%). PROPC’s decline outpaced the sector, suggesting coin-specific factors compounded broader risk aversion.
What this means: Investors rotated into BTC amid fear-driven markets, sidelining smaller-cap tokens like PROPC. The Altcoin Season Index (49/100) shows capital remains hesitant to flow into higher-risk assets.
Conclusion
PROPC’s drop reflects a mix of technical breakdowns, reduced liquidity from BitGet’s delisting, and sector-wide caution. While the project’s RWA-focused use case (e.g., fractional real estate) retains long-term potential, short-term sentiment remains fragile.
Key watch: Can PROPC stabilize above $0.447, and will the foundation’s ongoing buybacks (1.9M PROPC repurchased since July) curb selling pressure?