Deep Dive
1. Exchange Delisting Shock (Bearish Impact)
Overview: Gate.io announced TAT’s removal from its Pilot Market on May 15, 2025, alongside 49 other tokens. Delistings often force holders to sell preemptively to avoid post-removal liquidity crunches.
What this means: Reduced exchange access typically dampens demand and raises exit barriers. With TAT’s 24h volume already down 38%, the delisting likely accelerated sell-offs as traders prioritized liquidity over holding.
What to look out for: Whether other exchanges follow suit or TAT’s team addresses the delisting with mitigations (e.g., new listings, liquidity partnerships).
2. Overbought Technicals (Bearish Impact)
Overview: TAT’s 14-day RSI hit 80.34 before the drop—far above the 70 “overbought” threshold. Historically, such extremes often precede corrections as traders lock in gains.
What this means: The RSI divergence suggested weakening bullish momentum. Combined with the delisting news, it created a “sell the news” scenario. The price now tests the 30-day SMA ($0.00146), a breach of which could signal further downside.
3. Liquidity Crunch (Mixed Impact)
Overview: TAT’s 24h trading volume fell to $1.09M (-38%), while its 90-day volatility remains elevated (68% price swing).
What this means: Thin liquidity magnifies price moves—both up and down. The delisting amplified this effect, with fewer buyers to absorb sell orders. However, turnover (volume/market cap) remains undefined due to unverified supply data, raising transparency concerns.
Conclusion
TAT’s plunge reflects a perfect storm of speculative overheating (RSI >80), abrupt liquidity loss (delisting), and low market depth. While the token remains 35.9% up over 30 days, traders appear to be rotating out ahead of exchange removal. Key watch: Can TAT stabilize above its 30-day SMA ($0.00146), or will delisting fears push it toward Fibonacci support at $0.00137?