Deep Dive
1. Exchange Delisting Aftermath (Bearish Impact)
Overview: PSG was among 17 tokens delisted by CoinDCX in June 2025 due to low trading volumes. While the event occurred months ago, reduced exchange availability has likely compounded liquidity challenges, with PSG’s 24h turnover at 0.345 – below the market median.
What this means: Delistings typically force holders to sell or transfer tokens, creating persistent sell pressure. PSG’s circulating supply (11.99M) now faces thinner buy-side support, amplifying volatility.
2. Technical Breakdown (Bearish Impact)
Overview: PSG trades 47% below its 200-day EMA ($1.73), with RSI-14 at 26.48 (oversold but not reversing). The MACD histogram (-0.0078) confirms bearish momentum, while Fibonacci retracement shows no strong support until $0.76 (78.6% level).
What this means: Technical traders may interpret the oversold RSI as a potential bounce signal, but sustained prices below $1.00 (psychological support) could trigger algorithmic sell orders.
What to look out for: A close above the 7-day SMA ($1.09) to signal short-term reversal potential.
3. Altcoin Risk-Off Sentiment (Bearish Impact)
Overview: The crypto fear index (24/100) and Bitcoin dominance (59.95%) reflect capital rotation away from altcoins. PSG’s 24h volume fell 3.37% to $4.02M, mirroring sector-wide outflows.
What this means: Fan tokens like PSG are highly sentiment-driven and often lag during risk-averse markets. With Bitcoin ETF AUM down 15% monthly, retail traders are likely sidelined.
Conclusion
PSG’s decline stems from structural liquidity constraints post-delisting, technical breakdowns, and a hostile climate for speculative altcoins. While oversold conditions might invite contrarian bets, the token lacks immediate catalysts to reverse its downtrend.
Key watch: Can PSG hold above its 2025 low of $0.537, or will breaking this level trigger panic selling?