So many Layer 1 platforms are showing a similar pattern. Basically went parabolic in early 2024 and then reset and then parabolic in late 2024 but not as high and then are struggling to break out now to get back to that. AVAX, HBAR, Stellar, ICP, ATOM, DOT and many others show this pattern and it appears to be a situation of losing energy as we go forward. BNB, TRON, and SOL have somewhat avoided that pattern likely because of perpetuals contracts and the activity surrounding those.
This latest liquidation even took a lot of traders out and really chopped them off at the knees. It freaked a lot of people out and they are pretty spooked out. Also there is this possibility that big money is trying to be first out the door as well and we have hit the BTC cycle peak of $125K-$127K. While that is a plausible reality I still feel like we regain our footing and see a little final surge that takes us to something like $135K and some of that energy rolls into the alts so we see a little more movement there.
https://zena.fun/
X - https://x.com/zenatheboxerdog
Telegram - https://t.me/zenadotfun
Contract Address on Solana: B4xFPgcc1X8fBeNimkstkvH6yjJXT82aLBkyLbCZtMJs
Raydium Pool Analytics - https://dexscreener.com/solana/8scrvfvpruyhcguzbbeukn3pe9jmvzmirex51lbiify8
https://arena.social/?ref=BrianPhobos
$ZENA The Boxer Dog has launched and is winning everyone's hearts! The future is multi chain!
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