Deep Dive
1. Technical Weakness (Bearish Impact)
Overview:
SIGMA trades at $0.00735, below all major moving averages (7-day SMA: $0.0088, 30-day SMA: $0.0092). The RSI-7 at 32.6 signals oversold conditions but hasn’t reversed the downtrend.
What this means:
Persistent selling pressure is evident as the MACD histogram (-0.000054) shows bearish momentum. The 61.8% Fibonacci retracement level at $0.0092 now acts as resistance. Thin liquidity (24h volume: $1.2M) exacerbates volatility.
What to watch:
A sustained close above $0.00736 (pivot point) could signal short-term relief. Failure risks a retest of the 2025 low at $0.00709.
2. Delisting Hangover (Bearish Impact)
Overview: SIGMA was among 26 tokens delisted from Gate.com’s Pilot Market on May 29, 2025 (Gate Team). While this occurred months ago, reduced exchange accessibility continues to limit buying interest.
What this means:
Delistings typically reduce liquidity and institutional participation. SIGMA’s turnover ratio (0.183) remains below the meme coin average (~0.3), indicating difficulty attracting fresh capital.
3. Altcoin Sentiment Drag (Mixed Impact)
Overview:
The Altcoin Season Index fell 50% in 30 days to 34 (Bitcoin Season threshold: <35). Bitcoin dominance rose to 59.6%, squeezing speculative altcoins like SIGMA.
What this means:
Traders are rotating to safer large caps amid macro uncertainty. SIGMA’s 90-day decline (-64.8%) outpaces the crypto market’s -6.43% drop, reflecting its high-risk profile.
Conclusion
SIGMA’s decline reflects technical breakdowns, structural liquidity challenges, and a hostile environment for speculative altcoins. While oversold conditions could spark a bounce, the absence of fundamental catalysts (partnerships, product updates) limits upside potential.
Key watch: Can SIGMA hold the $0.00709 support zone, or will fading social volume (per sparse X/Twitter activity) invite new lows? Monitor Bitcoin’s price action – a break below $105K may intensify altcoin selling.