$MYX Our Demon King Coin has been sideways for 3 days now.
Currently, the sideways movement is mainly due to the market maker controlling the market and accumulating. After the previous sharp rise and fall, market sentiment is unstable, and the market maker creates fluctuations through frequent ups and downs, forcing retail investors to hand over their chips. After the token unlocks, there will be significant selling pressure, but the project team may secretly support the price to prevent further declines.
From a technical perspective, after being overbought, profits need to be digested, and the entire market is in a period of adjustment, with funds waiting for new hotspots. Simply put, the market maker hasn't sold, the market has no direction, and it's temporarily grinding people.
Focus for the day: OM SUI SOL FUN BTC