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$HEMI 💹 A look at the 24-hour chart shows
$HEMI with a sharp decrease of -13.99%, as significant post-launch selling pressure continues to weigh heavily on the token's price.
🛡️ According to Binance Square, a primary reason for the persistent drop is the selling from community members who received large token allocations before the exchange listing. When a large supply is distributed early, it often leads to a rush to sell, causing a sharp initial price decline.
📈 Technical analysis from CoinGecko shows that HEMI has fallen significantly from its all-time high of over $0.19 just five days ago. The token is now searching for a support base, with the $0.085 level being watched closely as a potential area for consolidation.
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