Crypto Market Review: While $ADA and $SOL are holding their ground and trying to remain afloat, $SHIB enters a freefall
Digital assets on the cryptocurrency market are entering a new stage after the recovery that began in January, which is the consolidation that the market desperately needed. Unfortunately, some assets are taking big hits during transitions, while others are successfully hanging there.One of the most prominent digital assets on the market, Cardano , has recently reached a major support level that could potentially be a reversal point for the asset.
The cryptocurrency market has been quite volatile recently, with many assets experiencing significant price swings. One of the most affected digital currencies is meme token Shiba Inu , which has fallen off a cliff after losing more than 11% of its value. This sudden decline comes after the token had gained a significant amount of value since the beginning of the market rally in January.The on-chain data suggests that the main reason for the fall was increased selling activity among SHIB whales.
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