Looking at the recent market trends in the crypto world, another popular project's token has fallen below the issuance price. It reminds me that many leading cryptocurrencies have experienced similar moments in history, such as projects that performed well in the early stages of a bear market but ultimately couldn't resist the trend.
The loss of the critical $0.9 level this time shows that the project team indeed put in effort. The entire support process lasted a full 2 months, with frequent buying and support operations clearly visible. But even so, they still couldn't reverse the overall market trend.
From this phenomenon, the signals of a bear market are already quite obvious. No matter how strong the project team is or how sufficient the funding support, facing the downward pressure of the overall market, individual efforts are ultimately limited. When even these steadfast supporters start to let go, it may indicate that market sentiment has already shifted.
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Looking at the recent market trends in the crypto world, another popular project's token has fallen below the issuance price. It reminds me that many leading cryptocurrencies have experienced similar moments in history, such as projects that performed well in the early stages of a bear market but ultimately couldn't resist the trend.
The loss of the critical $0.9 level this time shows that the project team indeed put in effort. The entire support process lasted a full 2 months, with frequent buying and support operations clearly visible. But even so, they still couldn't reverse the overall market trend.
From this phenomenon, the signals of a bear market are already quite obvious. No matter how strong the project team is or how sufficient the funding support, facing the downward pressure of the overall market, individual efforts are ultimately limited. When even these steadfast supporters start to let go, it may indicate that market sentiment has already shifted.