Sudden Wave of ST Tags on KuCoin Multiple Coins Crashing :)

Since today morning, a very strange activity is being seen in the KuCoin market. Many coins have been given ST tag, which means Special Treatment. When ST is applied on a coin, it indicates that either the project has some compliance issues, liquidity is low, or some risk factors have been detected. For this reason, investors should be very careful in future. If you look at today's list, ST tag has also been applied on coins like DECHAT, NOOB, PONCH, FTON.

The DECHAT/USDT pair has seen a fall of more than 46 percent in 24 hours. The price has fallen directly from 0.0415 to 0.0218. The volume has also been quite high during this period, which shows that many people have participated in panic selling. Such volatility is common when a coin is tagged with ST. For now, the RSI of DECHAT is close to 17, which indicates that the coin has moved into the heavily oversold zone.

The situation of NOOB/USDT pair is also similar. This coin has also seen a fall of more than 43 percent. Till yesterday this coin was moving towards a good breakout but today after the ST tag was applied, a big dump was seen. RSI level is at 31, but the market sentiment is still negative. Due to this, new traders should avoid entering it for now until there is some stability in the market.

If we look at the overall market situation, many coins are in the red zone today. PONCH is down by 59 percent, FTON is down by 31 percent, and KOS has also fallen by 28 percent. All these coins have also been given the ST tag, which clearly shows that KuCoin is strictly implementing its risk policies. This is a good signal for the transparency of exchanges, but in the short term it creates panic in the market.

For now, investors are advised to keep only good fundamental coins in their watchlist. As soon as ST tag is applied, short term pump and dump cycles happen very quickly in coins. Patience and risk management are most important things for long term. Market mood will remain unstable for some more days until this ST tag situation becomes clear. Taking any impulsive decision at this time can lead to losses.