$MAV This decline looks quite normal, let me outline a few key points for you:
1. Token unlocking has the biggest impact.
The "token unlocking" label on the page is not just for show; the newly released tokens will definitely have someone looking to cash out. Generally, the price is most likely to drop in the one or two days before and after such unlocking.
2. The entire Ethereum ecosystem has not been doing well lately.
As a DeFi project on Ethereum, MAV is struggling because ETH itself is soft, and gas fees are fluctuating wildly, leaving the entire DeFi sector lacking vitality.
3. The technical aspect looks quite grim:
The critical support level of 0.049 has already been broken, and such a breakdown is most likely to trigger automated selling in algorithmic trading.
4. Right now, we need to focus on a few things:
See if the unlocking has ended, whether the negative news has been fully priced in, if ETH can stabilize without a significant drop, and whether large wallets are moving tokens to exchanges.
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