Why did I take a bearish stance and short-sell a few days ago? I analyzed and predicted the potential price trends of three cryptocurrencies: $SUSHI , $VIDT , and $MEME , and offered detailed insights into their bearish trends. Below is my summary of the bearish reasons for these three tokens.

First, the downward trend of SUSHI had long been apparent. From a technical analysis perspective, SUSHI's price formed a clear downward channel after multiple failed attempts to break through key resistance levels. The trading volume on the daily chart has gradually shrunk, indicating a weakening buying momentum in the market. Additionally, the overall enthusiasm in the DeFi sector has declined, especially for some established platforms represented by SushiSwap, which are being squeezed by emerging competitors, leading to reduced user activity and capital inflow. Considering these factors, I assess that SUSHI's price is unlikely to strengthen in the short term.

Next is VIDT, whose bearish logic primarily stems from the dual impact of fundamentals and market sentiment. Although VIDT focuses on document verification and blockchain traceability technology, its actual market demand is limited, and it has not launched any significant innovative features recently. Furthermore, the team's low communication frequency has resulted in insufficient investor confidence. From the price trend, VIDT quickly entered a downward channel after breaking through the support level, indicating a lack of sufficient buying power in the market. Given the overall downturn in the cryptocurrency market recently, I judge that VIDT has the potential for further decline.

Lastly, the decline of MEME is more a result of emotional cooling and a decrease in speculative behavior. As a token centered around fun, MEME's price is more driven by social media. However, as investor sentiment gradually cools and the market shifts towards projects with more practical value, MEME's trading volume has significantly decreased. Coupled with MEME's high volatility and lack of supporting practical application scenarios, investors are more inclined to sell off, exacerbating its price decline.

In summary, three days ago, based on a comprehensive judgment of market sentiment, technical analysis, and fundamentals, I clearly pointed out the significant downward risk in the prices of SUSHI, VIDT, and MEME. It has been proven that the prices of these tokens did indeed experience a significant decline as expected, further validating the value of being sensitive to market dynamics and data. Of course, investment should be approached cautiously, and future trends need to be assessed in conjunction with new market information.