Cryptocurrency market not feeling well since assets like $SHIB and $ARB are experiencing turmoil
has recently experienced an unexpected downturn after failing to break through the local resistance level previously mentioned on U.Today. Instead of continuing its upward momentum, the token encountered a swift reversal from the local 200-day moving average, causing it to plummet by 8.8% in just two days.
Swift reversals, such as the one witnessed on Shiba Inu's recent price action, can often signify a change in market sentiment or a shift in investor confidence. In this case, the market may have turned more bearish on This situation has highlighted the critical importance of decentralized governance and decision-making in blockchain projects. As more stakeholders become involved in a project, it is essential to ensure that decisions are made collectively and transparently to maintain trust and support from the community.
Since the FTX implosion, Solana has faced challenging times on the market as its primary driver vanished. This unfortunate event has left the project struggling to maintain its momentum, with the network encountering several obstacles that have hindered its growth.
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