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# MINIMA/USDT Market Update | Sharp Correction on 4H Chart!
A sharp bearish move has been observed in the MINIMA/USDT perpetual contract, with the price currently trading at $41.83, showing a downside movement of -13.43%.
Current Price: $41.83 📉
24h Trend: Bearish pressure, hitting a low near $41.35.
Moving Averages (MA): MA5, MA10, and MA30 are maintaining pressure on the price after a downward crossover.
MACD Indicator: The MACD lines are in the negative zone, signaling that bearish momentum is continuing.
Order Book Sentiment: Buyers are showing some resistance (approximately 61.97% buy-side pressure), but the current candles represent a strong selling wave.
🔍 Next Move: Will there be a bounce-back from here, or will we see further downside? Be sure to share your views in the comments!
#MINIMA #CryptoMarket #GateSquare #PerpTrading