The delisting of RADAR from OKX has led to short-term selling pressure and market sentiment pressure. However, the tug-of-war between bulls and bears at key price levels suggests limited downside risk. The market is currently in a bottom signal stage, with only 8% of tokens continuing negative momentum. Historically, this has indicated a rebound opportunity. Investors are advised to observe sentiment changes at this stage and allocate assets rationally, as RADAR is expected to capitalize on the next round of capital inflows for an upward move.

Since OKX announced the suspension of RADAR spot trading starting June 16, market sentiment has come under significant pressure. Facing reduced liquidity, traders have tended towards risk-averse actions in the short term, resulting in concentrated selling. On the capital side, the delisting announcement accelerated sell orders and substantially increased trading volumes in the near term, but downside price momentum has been limited, suggesting intense bulls vs. bears competition at key price levels. Overall, this event poses bearish short-term sentiment for RADAR.

OKX has announced the delisting of spot trading for ALCX, NULS, MDT, BORA, CTXC, XNO, VENOM, and RADAR as of June 16, according to an official announcement.

OKX will delist spot trading for ALCX, NULS, MDT, BORA, CTXC, XNO, VENOM, and RADAR.

According to monitoring data, the market is currently at a bottom stage. Historically, when the proportion of tokens with negative momentum falls to single digits, it often signals an imminent rebound window. For example, after bottoming in early April, Bitcoin rallied by about 30% within three weeks, with major altcoins increasing by 50–120% in general. Currently, only 8% of altcoins remain with negative momentum, indicating imminent sentiment reconstruction. If this trend continues, RADAR, after a short-term adjustment, may recover quickly in the next round of capital allocation, laying the foundation for a medium-to-long-term uptrend.

Foresight News reports that according to Swissblock monitoring, the market is currently at a bottom stage. The last top-bottom signal was triggered on April 7, leading to a significant market change with BTC rising about 30% within three weeks, and major altcoins increasing between 50% and 120%. Currently, only 8% of altcoins show negative momentum, and historical data suggests that a market bottom forms when this percentage reaches 15% to 25%. A reset to 0% is expected to lead to a rebound in Ethereum and other altcoins.

Analysis: Market bottom signals appear, and the market may rebound.

DappRadar

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