The auction has dropped mainly because the recent market has not been very strong, and the overall cryptocurrency market is adjusting, which has also affected it.
Additionally, whales and institutions frequently transfer large amounts of tokens from exchanges, making the market very sensitive. Investor confidence has been shaken, selling sentiment has increased, and prices have naturally fallen.
Moreover, technical indicators also show that it had previously risen a bit too much, so the current pullback is quite normal.
However, this decline may not be entirely a bad thing; it might even be an opportunity for repositioning.
After all, shorting can also make money 💴, and specific direct positions will be provided to the team, leave a message in the comments!!!
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