$AIOT The core of the decline is caused by the combination of three points: "previous overshoot and rise + sector cooling + main force reducing positions."
Previously, there was a wave of sector sentiment bonus, and the short-term increase was too fast, which preemptively consumed future expected returns; when the sentiment began to decline, the main force took advantage of the good liquidity at high positions and the numerous buyers to gradually reduce their positions, resulting in a noticeable selling pressure on the market.
At the same time, the overall heat of the AI concept has decreased in the past two days, with funds shifting more towards new hotspots, and mid-small market cap coins like AIOT are the easiest to be abandoned, leading to a rapid decline in prices.
Moreover, on the technical side, after continuously breaking through the short-term moving averages, the confidence of the bulls has been shattered, and retail investors have started to follow suit and stop losses, resulting in a secondary drop, making the decline appear more severe.
Overall, this wave is an adjustment after the natural outflow of market funds, not due to sudden major issues with the project, but rather an inevitable pullback after the emotional peak.
Sister Jia is preparing to call fans for direct exit; this wave has directly taken off with fans.
Keep an eye on: STABLE AIOT SKATE
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