market is down because it's hungry for our money, 🤑 what's we earn in last two months it's took it back, what's a mother father move.
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Humming Bird
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🔥Today's Hot Question, Why Market is down! Why?
Three possible reasons for Market current situation is here.
1. Uptrend of Market is over.📉 It happens when investors are no more interested in investing rather they prefer to get their profit and go into hibernation and wait for low again.
2. Market Correction. It happens when too much sale and buy happens and the system need rest, its a natural phenomenon of financial markets to minimize errors and make the market ready for next step.
3. Whales Manipulation.🐳
It happens when these stupid people accumulate too much during low and suddenly leave the market.
Now the Answer of Today's question is surely the 3rd one. besides that market was supposed to go down but that natural process is slow and steady not abrupt as what happened today.
Blame BTC as well, 😭. Exchanges got millions of dollars, thousands are liquidated today, expection in billions.
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BullishBanter
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Мечи
Check I warned Everyone don't Invest in DELISTING Coins... They pull their money and Many got liquidation
Technical Analysis: $OAX , $IRIS , $KEY , #REN , and #IOTX Face Sharp Declines
The cryptocurrency market has seen significant losers today, with OAX leading the decline, dropping by a staggering -42.17% to $0.0805. Following closely, IRIS has plummeted -34.28%, trading at $0.01014, highlighting sharp bearish sentiment across the market. KEY, with a steep decline of -22.26% to $0.002151, reflects selling pressure amid uncertain market conditions. These declines signal a lack of buyer support, leading to considerable losses for these coins in the short term.
Meanwhile, REN has slipped by -19.91%, trading at $0.04788, while IOTX shows a smaller yet significant drop of -6.47%, trading at $0.06029. Traders should watch for critical support levels for potential rebounds, but the lack of bullish momentum suggests continued caution. These sharp price movements indicate a bearish trend that might persist unless market sentiment shifts in favor of these coins. Risk management is crucial as volatility remains high.