Using price action as a justification for low morale is a weak excuse for overlooking bigger issues that might be causing that
Zcash pre-pump was a great example
NEAR right now is another one
Two projects with poor price action for a loooong time
Yet, the sentiment was/is still highly positive, and people are still super excited about the vision and the utility both $ZEC and $NEAR are bringing to users despite the chart boredom
Negative sentiment and low morale usually have other explanations than just price action (which will often, but not always, reflect that -- as the market tries to price these issues)
Zcash pre-pump was a great example
NEAR right now is another one
Two projects with poor price action for a loooong time
Yet, the sentiment was/is still highly positive, and people are still super excited about the vision and the utility both $ZEC and $NEAR are bringing to users despite the chart boredom
Negative sentiment and low morale usually have other explanations than just price action (which will often, but not always, reflect that -- as the market tries to price these issues)