DeFi Technologies Shares Plunge Amid Heavy Selling Pressure

DeFi Technologies shares are experiencing significant downward momentum as technical indicators flash warning signals for the fintech stock. The equity finds itself trapped in a pronounced downtrend following Tuesday’s substantial decline.

During Tuesday’s trading session, DeFi Technologies stock plummeted 4.04%, closing at $2.85 after opening at $2.97. Market analysts noted that elevated trading volumes accompanied the drop, suggesting widespread investor liquidation rather than isolated selling.

The stock’s technical posture has deteriorated considerably across multiple timeframes. Both short-term and long-term moving averages are now generating sell signals, creating substantial resistance levels at $3.19 and $3.16 that would likely cap any potential recovery attempts.

Technical Metrics Paint Bearish Picture

Several concerning metrics highlight the stock’s weak performance:

• Negative... Read more...