MEGA's impressive
↗25%
weekly surge is meeting resistance as selling pressure intensifies and trading activity cools sharply over the past day.
Mixed momentum at play
Price jumped roughly
↗25%
over the past week, but trading volume plunged approximately
↘67%
over the past 24 hours while the asset trails its Smart Contract Platform peers by around
↘10%
over the week, suggesting the rally may be losing steam.
Selling pressure dominates recent trading
Sellers outnumber buyers by nearly 3-to-1 over the past day, with the number of active traders dropping roughly
↘43%
over the same period, pointing to weakening participation and one-sided market activity.
Trading bets turn cautious
Investors holding bullish positions faced approximately $44M in forced exits over the past 24 hours, while the cost to maintain those bets turned negative, indicating traders are growing less confident about near-term gains.