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joahimmrykag
@joahimmrykag
The NFT market buzzes after a celebrity project's floor price crashed, spotlighting its token price trajectory. Trading volume often spikes post-crash as bargain hunters emerge, but sustained low volume signals fading interest, pressuring prices downward. Community sentiment, gauged via X posts, shifts from hype to skepticism, eroding confidence if negativity persists. Data from past crashes (e.g., 2022 NFT slump) shows recovery hinges on renewed utility or hype. Without fresh catalysts—new features or celebrity backing—the token price likely trends bearish short-term, reflecting diminished trust and liquidity. Monitoring X for sentiment shifts is key.
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