Cosmos ecological intent center agreement Warden Protocol (WARD) faced a severe setback the day before, with a single-day drop of over 15%, breaking below the key support level of $0.15. TokenUnlocks data shows that the main reason for the plummet is the 'Cliff Unlock' for early private investors today, with approximately 15,000,000 WARD unlocked and flowing into the market, causing significant selling pressure.
CoinGecko shows that WARD has significantly underperformed against the market, becoming the top loser of the day. The Block analysis points out that as the enthusiasm for the AI Agent sector has temporarily receded, funds are accelerating out of high-inflation small-cap tokens. Additionally, there is disappointment in the Cosmos Hub community forum regarding the failure of its new governance proposal to pass. Technically, WARD has formed a head and shoulders pattern that has broken down, and the MACD dead cross is widening. Strategy recommendation is to 'Sell Rallies', and do not easily bottom fish before the selling pressure from the unlock is fully digested, with strong support potentially looking down to $0.06.
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