$PNUT
《Can Squirrel Coin Return to the Peak of $2.5?》
💥Answer: From a technical perspective, the possibility of returning to $2.5 does exist.
👉If Bitcoin stabilizes one day and starts a new round of market trends, the current 'bottom arc' pattern exhibited by Squirrel Coin is very likely to become a signature pattern in this market cycle.
👉The so-called 'bottom arc' refers to the market oscillating in a positive arc trajectory at the bottom area after experiencing a downward trend, gradually turning upwards, and ultimately transitioning from decline to growth, forming a specific K-line combination pattern. On the left side of this pattern, the downward wave presents a smooth and uniform trend, with multiple low points precisely falling on the same arc line, requiring the downward process to be seamless, avoiding complex structures such as flags, boxes, and triangles; the smoother the arc, the more typical the pattern.
👉The key to confirming the arc bottom is that the low points connect to form an arc, and once the arc bottom is formed, no new low points should appear, with small bulls starting to emerge. Meanwhile, if the right side fails to repeatedly test the arc edge, it may deviate from the arc shape, and the right side trend will no longer conform to arc characteristics.
👉Looking back at Squirrel Coin's downward journey, its depth of decline is astonishing, causing countless investors to exit in despair.
👉However, at this critical moment, we should remain calm and rational. If Squirrel Coin indeed follows the 'bottom arc' trend, then returning to $2.5 is just a matter of time.
👉Although my analysis may attract criticism, please regard it as a reasonable hypothesis. Perhaps the current bottom area is a good time for positioning; let's look forward to and witness this transformation together.