PSG -4990.58% Year-To-Date Due to Sharp Decline Amid Market Volatility

On SEP 6 2025, PSG dropped by 56.11% within 24 hours to reach $1.6, PSG dropped by 56.11% within 7 days, dropped by 202.7% within 1 month, and dropped by 4990.58% within 1 year.

PSG has experienced a historically severe decline over the past year, with a total drop of nearly 5000% as of September 6, 2025. The cryptocurrency has struggled to maintain stability, with a 56.11% decline in the last week alone, and a further 202.7% drop recorded over the previous month. Analysts have noted the severity of the downward trend, with no signs of immediate stabilization. The current price of $1.6 represents a dramatic shift from its all-time high, signaling deep concerns about investor confidence and the broader market environment.

Technical indicators have been increasingly bearish in the wake of the price collapse. The Relative Strength Index (RSI) has fallen below the oversold threshold of 30, while the Moving Average Convergence Divergence (MACD) continues to show negative divergence. The 200-day and 50-day moving averages are in a pronounced bearish crossover, reinforcing the downward trajectory. Traders and investors have largely moved to the sidelines, with the market capitalization of PSG shrinking dramatically in tandem with the price action.

Backtest Hypothesis

A proposed backtesting strategy has been formulated to evaluate potential outcomes during the current bearish phase. The strategy is based on the use of technical indicators—namely RSI and MACD—aimed at identifying short-term entry and exit points in a highly volatile market. The approach assumes a strict set of rules: a long position is initiated when RSI recovers above 30 and the MACD line crosses above the signal line. Conversely, a sell signal is triggered when RSI exceeds 70 and the MACD line crosses below the signal line. The strategy includes a stop-loss mechanism at 10% below the entry point and a take-profit target of 20% above the entry to manage risk and reward.

This hypothesis is intended to test whether such a systematic approach could have yielded favorable results during the recent downturn. Given the extreme volatility and sustained bearish sentiment, the strategy will be evaluated for its effectiveness in capturing short-term rebounds within the larger downtrend. It will also assess how well it avoids deep drawdowns by exiting early in case of a further price collapse. The backtesting period will include the last 30 days up to SEP 6 2025, with results expected to provide insight into the viability of a rules-based approach in the current PSG environment.