TOWNS -3659.42% in 1 Year Amid Sharp Short- and Long-Term Declines

On SEP 24 2025, TOWNS dropped by 168.54% within 24 hours to reach $0.887, with further declines of 2344.71% recorded over the past seven days, 1353.75% over the past month, and 3659.42% over the past year. These movements reflect one of the most severe depreciation patterns in the crypto space, signaling heightened investor caution and significant shifts in market sentiment.

The sharp downward trajectory has raised questions among traders and analysts about the underlying catalysts. While no single event was cited as the direct cause, the cumulative impact of broader market trends and reduced on-chain activity appears to have accelerated the fall. Institutional disengagement and reduced liquidity have compounded the downward pressure, with few signs of immediate stabilization.

Technical indicators show that TOWNS has moved well below key support levels, with the RSI and MACD both indicating overbought and bearish momentum. These signals align with the observed price action, reinforcing the perception of a structural bear trend. The absence of any major buyers stepping in to absorb the selling pressure has further deepened the selloff, with the asset struggling to find a floor.

Backtest Hypothesis

A recent backtesting strategy proposed by market observers suggests a potential reversal scenario under specific market conditions. The strategy focuses on re-entry points using a combination of Fibonacci retracement levels and volume-weighted average price (VWAP) as primary triggers. The hypothesis tests whether repositioning near 0.236 and 0.382 Fibonacci levels, combined with VWAP crossovers, could have generated positive returns in previous similar downturns. While the strategy is yet to be tested in live conditions, it provides a framework for identifying potential support areas amid the current free fall.