XEM and NAV Coin suffered steep single-hour declines on Sept. 16–17, underscoring renewed volatility in the altcoin market even without clear project-specific catalysts.
XEM dropped 23.23% in 60 minutes to trade at $0.000399, after ranging between $0.00039874 and $0.00053911 during the day. Its market capitalization stood near $4.44 million, while 24-hour trading volume was just $11,369.98, indicating thin liquidity during the sell-off.
NAV Coin fell 12.48% to $0.024946 from $0.028502, after hitting a high of $0.029716. With a market cap of about $1.92 million and volume of $1,489.84, traders questioned liquidity and near-term price stability.
Both declines occurred amid mixed signals across the broader cryptocurrency market, with bearish sentiment and lack of positive catalysts pushing some altcoins lower. Traders are watching support near $0.000398 for XEM and $0.0249 for NAV, while resistance sits near $0.000440 and $0.0285 respectively.
