AIA token's taking a beating right now — down 5.54% while the broader market's holding steady. Here's what's actually happening:
A major exchange just pulled the plug on AIA futures and margin trading. That triggered forced liquidations across the board, and now liquidity's dried up faster than expected. The technical picture isn't pretty either: RSI's sitting at 27 (deep oversold territory), price action's trading below every moving average you'd check, and bulls completely lost control of that $0.302 support level they were defending.
This isn't your typical dip — the combination of exchange actions and technical breakdown is creating real downward pressure. Worth watching closely if you're holding any position.
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NotAFinancialAdvice
· 7h ago
NGL, once the exchange bans this thing, it's all over. The wave of forced liquidations was a bloodbath... RSI at 27, I'm numb. Hitting the bottom is still a distant dream.
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BlockchainFoodie
· 12-11 04:53
ngl this is giving me the same vibes as when a restaurant loses its michelin star — sudden, brutal, no mercy. exchange pulling futures is basically revoking the health certificate fr
actually wait, reminds me of how supply chain breaks collapse entire food systems... one broken link and everything spoils. that $0.302 support? more fragile than a soufflé right now tbh
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DAOdreamer
· 12-11 04:52
The exchange bans futures trading, leading to a direct plunge. This wave of liquidity shortage is indeed uncomfortable.
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TeaTimeTrader
· 12-11 04:48
Once a exchange bans futures, it starts a chain of liquidations. I've seen this trick too many times.
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TokenTherapist
· 12-11 04:45
The exchange shuts down leverage trading, and it crashes directly. I've seen this trick so many times. Can't RSI 27 even bottom out?
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DAOdreamer
· 12-11 04:32
NGL, this exchange's futures were taken down, and it instantly blew up, liquidity evaporated in an instant... RSI is already at 27, it was time to get out.
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TokenVelocityTrauma
· 12-11 04:25
Exchanges turn off leverage, directly wiping out the entire market. This move is truly incredible.
AIA token's taking a beating right now — down 5.54% while the broader market's holding steady. Here's what's actually happening:
A major exchange just pulled the plug on AIA futures and margin trading. That triggered forced liquidations across the board, and now liquidity's dried up faster than expected. The technical picture isn't pretty either: RSI's sitting at 27 (deep oversold territory), price action's trading below every moving average you'd check, and bulls completely lost control of that $0.302 support level they were defending.
This isn't your typical dip — the combination of exchange actions and technical breakdown is creating real downward pressure. Worth watching closely if you're holding any position.