FIS -89.94% Due to Market Downturn and Liquidity Challenges

On SEP 6 2025, FIS experienced a significant price drop of 105.26% within 24 hours, settling at $9.4E-7. Over the past week, the asset has declined by 1531.53%, with an identical percentage drop recorded over the last 30 days. The 12-month performance is even more pronounced, with a total depreciation of 8089.43%. These figures underscore a severe and rapid devaluation of the asset across multiple timeframes.

FIS has been struggling with declining investor sentiment and poor liquidity metrics, which have contributed to the sharp decline. Market participants have observed a lack of institutional participation and limited trading volume, both of which are typically indicative of a struggling asset. The price action reflects a lack of buyer support at critical support levels, with downward momentum dominating the technical landscape.

The recent decline in FIS appears to be part of a broader bearish trend that has persisted for months. Technical indicators suggest a continuation of this trend unless a significant catalyst emerges to reverse the direction. Analysts project that without a fundamental change in market dynamics, the bearish trajectory is likely to continue. This has led to a reassessment of risk exposure by traders and investors who are now prioritizing more stable assets.

Backtest Hypothesis

To evaluate the potential for future price movement, a backtesting strategy was employed using historical data. The strategy focused on a combination of moving averages and RSI levels to identify potential reversal points. The primary objective was to determine whether a systematic approach could have identified profitable exit or entry points during the recent sharp decline. The testing period spanned the last 12 months, aligning with the significant 8089.43% drop in value. The results of the backtest aim to provide insight into the effectiveness of technical indicators in managing risk during highly volatile market conditions.