Is the panic just beginning? $THE Behind the sharp decline, there may be large whales selling off in bulk!
THE has dropped quite sharply, with the price plummeting to $0.4286 in one hour, falling more than 20% in a day, and is close to the lowest point.
Short-term moving averages are all trending down, and the MACD indicator is also below the zero line, indicating that the downward momentum hasn't stopped.
This sharp decline is mainly due to Binance announcing the removal of certain trading pairs, which may affect THE. As soon as everyone saw the news, panic selling ensued.
Although on-chain data hasn't directly indicated this, such situations generally require monitoring if large holders are secretly selling off. In the short term, it's advised not to rush to bottom-fish; first, see if the position at 0.4280 can hold; if it can't stabilize, it may fall further.
Feng Ge has been analyzing the market, preparing strategies in advance. If you want to follow Feng Ge for real-time strategies, Feng Ge will help you earn a lot.
$MYX $AVNT
