$Jager Why did $Jager drop?

Jager Hunter (JAGER) decreased by 6.72% in the past 24 hours, contrasting with a 14.49% increase over the week and a strong 139.20% rise in the month. This price drop aligns with investors taking profits after a recent price increase and mixed reactions to project updates.
1. Profit-taking pressure – Short-term traders may have taken profits after a prolonged price increase over 30 days.


2. Changes in team transparency – A statement on August 13 regarding internal disputes has created a cautious sentiment.


3. Technical resistance – Failure to surpass critical moving averages has triggered price drops.