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The AIA token has just been crushed. The monthly chart dropped by 60%, and things worsened when a major exchange halted Futures Trading for AIA. All leveraged positions? They were forcibly closed. The bloodbath doesn't even begin to describe what happened.
The indicators are screaming danger. The price has dropped below all moving averages. The RSI is sitting at 33 - a deep oversold area. The MACD is flashing red everywhere. Ironically, trading volume has increased by more than 50% over the past 24 hours, but don't mistake it for buying interest. It's a panic sell.
The critical level that everyone is watching now: $0.443 Fibonacci support. If broken, we are looking at uncharted territory. Stockholders are feeling nervous, and traders are licking their wounds from that forced liquidation, with selling pressure showing no signs of easing.