ARTX/USDT Market Snapshot: Pressure Builds After Sharp Drop
ARTX/USDT Market Snapshot: Pressure Builds After Sharp Drop
ARTX/USDT has come under noticeable selling pressure over the last 24 hours, and the chart tells a clear story of momentum shifting in favor of the bears. At the time of the snapshot, ARTX is trading around 0.3218 USDT, reflecting a daily decline of roughly 9%, a move that has caught the attention of short-term traders.
Looking at the 24-hour range, price moved between a high near 0.3616 USDT and a low around 0.3185 USDT. This wide range signals strong volatility, especially considering the speed at which price slipped from the upper zone to the day’s low. The rejection from the 0.38–0.39 area earlier on the chart appears to have acted as a turning point, after which sellers gradually gained control.
On the 1-hour timeframe, the structure shows a clear series of lower highs and lower lows. Attempts to stabilize were short-lived, and each minor bounce was met with renewed selling. The sharp downward candles near the right side of the chart highlight panic-driven exits, likely triggered by stop-losses being hit below key intraday support levels.
Despite the drop, trading activity remains strong. The 24-hour volume stands at approximately 188 million ARTX, with a turnover of about 66 million USDT. This level of volume during a decline usually suggests active participation rather than a quiet bleed, meaning both buyers and sellers are heavily involved at current prices.
From a price-action perspective, the 0.318–0.320 zone now becomes a critical area. This level has already acted as short-term support, as seen by the small reaction bounce from the day’s low. If this zone fails to hold, the market could explore deeper levels. On the flip side, any recovery attempt will first face resistance around 0.335–0.345, followed by a stronger barrier near 0.36.
Overall, ARTX/USDT is currently in a short-term bearish phase, driven by rejection from higher levels and strong selling momentum. Whether this move turns into a deeper correction or forms a base for consolidation will depend on how price behaves around current support. For now, caution dominates the market, and patience is likely the most valuable position.
