Since the weekend is when we ignite, it just happens to be a little bit before the mainstream rebound. Other tokens in the market have also started to see funds entering, and the entire market has pulled up a bit; I consider myself one of those small sparks.
Then I thought, many people see our moodeng rising so high and seek other meme coins to catch up. I think this is a good approach, but it’s important to pay attention to the market conditions and timing. If a meme coin that is catching up has already made a big move, it’s actually not suitable to chase anymore, even if moodeng has risen by 45% while this coin has only risen by 15%. The chip structure is different, and if there is no major capital flowing in, a rebound could easily be over.
If it’s just a rebound market, it’s the weekend, so emotions might come back a bit, betting that the crypto market will continue to rise on Monday. In that case, the leading coin might reasonably bounce to a previous high or even push to a new high. However, for non-leading coins, the highest point of today’s rebound might already be the peak.