SSV Network BTC Pair Drops 15.2% Amid Weakening Momentum

News Flash 2025-09-23 06:15

The SSV Network BTC (SSVBTC) trading pair on ssv.network saw a significant 15.2% decline from its 24-hour high on September 22, 2025. Opening at $0.00007944, the pair closed at $0.00006959, with a low of $0.00006587. Despite the drop, momentum indicators suggested weakening downward pressure, as the RSI approached oversold levels. Trading activity showed low volatility, with prices mostly confined to a narrow range. A brief volume spike occurred between 6:15-7:00 ET, followed by a sharp decline. The Bollinger Bands contracted early, leading to a downward breakout, and a bearish engulfing pattern emerged after the price fell below the key support level of $0.00006959. The 20-period moving average crossed below the 50-period line on the 15-minute chart, indicating a bearish trend, while volume briefly increased as the price tested the support level.

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