1. Market Contagion (Bearish Impact)
Overview:
The crypto market faced broad selling pressure on 1 Dec 2025, with Bitcoin down 5% to $86.8K and the CoinDesk 20 index dropping 6%. Weak Chinese data and fears of BoJ rate hikes fueled risk aversion, impacting high-beta assets like WEMIX.
What this means:
Altcoins like WEMIX typically amplify Bitcoin’s moves during risk-off events. The Fear & Greed Index at 27 (“Fear”) reflects cautious sentiment, driving capital to safer assets. WEMIX’s 24h volume fell 49% to $2.3M, showing reduced buyer interest.
Key watch: Fed Chair Powell’s speech on 1 Dec – hawkish tones could extend losses.
2. Regulatory/Exchange Risks (Bearish Impact)
Overview:
WEMIX faced its second major delisting wave in 2025, with ProBit Global removing it on 14 Nov. This follows a June 2025 delisting by DAXA (South Korea’s exchange alliance) due to supply discrepancies and a $6M bridge exploit in March 2025.
What this means:
Each delisting erodes liquidity and institutional confidence. The token remains 98% below its 2021 peak, with exchange-related FUD creating persistent selling pressure. Notably, WEMIX’s 30-day return (-23.01%) lags Bitcoin (-10.77%).
3. Technical Breakdown (Neutral/Bearish)
Overview:
WEMIX broke below its 7-day SMA ($0.495) and 30-day SMA ($0.503). The RSI-7 sits at 39.07 (neutral), while the MACD histogram shows weak bullish momentum (+0.0075).
What this means:
The $0.444 price sits near Fibonacci support at $0.443 (78.6% retracement). A close below this level could target the 2025 low of $0.195. However, oversold conditions might invite short-term rebounds.
Conclusion
WEMIX’s decline reflects crypto-wide risk aversion, lingering delisting risks, and breached technical supports. While oversold conditions could stabilize prices near $0.443, recovery hinges on broader market sentiment and WEMIX’s ability to rebuild trust through transparent operations.
Key watch: Can WEMIX hold the $0.443 Fibonacci support, or will renewed selling test the 2025 low? Monitor Bitcoin’s price action and WEMIX’s on-chain metrics for clues.