Deeper correction likely indicates a strong probability that a digital asset’s price will experience a more substantial downward movement from its recent highs. This assessment suggests that current market adjustments are insufficient to rebalance supply and demand, and further price declines are anticipated. Such a forecast often stems from technical analysis, on-chain metrics showing weakening demand, or adverse macroeconomic factors. It implies significant price volatility ahead.
Context
When cryptocurrency news reports that a deeper correction is likely, it often signals heightened caution among market participants. This phrase typically appears during periods of sustained selling pressure or when key support levels are breached. It provides context for understanding why market sentiment is turning bearish and why investors might be adjusting their positions, preparing for additional price depreciation across various digital assets.
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