The media were singing the praises of BTC, Cardano, Stellar, Ripple, etc and NOW LOOK.
In my opinion this will scare any newcomers and existing participants of this market space!
A lot of damage has been done!
Just about every chart analyst didnt see this!
This is a normal correction, not the crash like three months ago, that kind of correction that will scare people to enter this space, not this kind of small price movement as it is something that happens a lot even in stocks. There's no way that the price will keep increasing, it needs to go down a little before going up again. I am quite amazed that there's a lot of people that act like it's the end at every little market correction. Also chart isn't always right, it helps but you can't expect every analysis to be correct.