Deep Dive
1. Profit-Taking After Rally (Bearish Impact)
Overview: MATH surged 13.35% over the past week, creating an overbought condition with a 14-day RSI of 64.23 by January 8. Without fresh catalysts, holders likely sold to lock in gains.
What this means: The absence of supporting news made the rally unsustainable. Sellers dominated as the coin underperformed the market (Bitcoin rose 0.95%).
2. Thin Liquidity (Bearish Impact)
Overview: Trading volume dropped 27.15% to $1.03M in 24h, against a $4.45M market cap. Turnover of 0.23 signals a market prone to large swings.
What this means: Fewer buyers were available to absorb sell orders, accelerating the drop. This volatility risk is elevated in low-cap alts like MATH.
Conclusion
Profit-taking and thin liquidity drove MATH’s drop, highlighting its sensitivity to sell pressure without strong catalysts.
Key watch: Can volume rebound above $1.5M to cushion further downside?