The decline in WIFI has become a foregone conclusion, and pre-market profit cashing has triggered a chain reaction of selling pressure.
The pre-market surge of 30% in profit margins has already led to a large number of cash-outs, not to mention those who positioned themselves early to gain multiple returns.
Now, with every cent the price drops, more profit-taking investors choose to exit — this selling pressure has created a vicious cycle: declines trigger more selling, and more selling exacerbates the decline.
Unless new funds step in or the project team releases positive news, it will be difficult to break this negative feedback loop.
$WLFI $PUMP