ZORA faces little fluctuation under selling pressure. On December 23rd, 166 million tokens will be unlocked in a large-scale release, and this supply pressure is enough to weigh on the market. Looking at past positive signals—such as the Base application integration on the 19th and the launch of the Solana cross-chain solution on the 8th—these have already become facts that the market has digested long ago. The current question is, where are the new catalysts? The community's panic about liquidation has not yet dissipated, and without strong positive news to offset this wave of selling, the market is almost certain to continue declining.

If you want to participate, keep a light position and try to test the waters with short positions. Place your stop-loss at $0.05, and if it breaks below that, exit immediately. In this rhythm, controlling risk is always more important than chasing profits. Remember, given the volatility of the crypto market, operate according to your risk tolerance and avoid FOMO.