This is going to make the situation more worse since the market was opened in the middle of new phase of bearish sentiment. I am afraid we are going to see more lower prices if the trend continues few more days. Social media is full of this kind of material where people are trying to recover whatever they can at losses.
This decline was actually caused by bounty hunters who wanted to sell SVD immediately because they had been waiting for the market for a long time. and when it is opened there will be panic that makes them sell the token