A well-known Meme coin has recently become lively again. After a short-term surge, it directly rushed into a strong resistance zone, and the price stagnated. This is a very clear signal. Social media buzz is waning, trading volume is also noticeably sluggish, and buyers are starting to weaken. It looks more like a typical pattern of high-level emotional distribution rather than a healthy continuation trend.

Currently, the price is fluctuating violently in the range of $0.25-$0.27. The 24-hour increase often reaches 30-60%, sounds crazy right? The problem is that the pullback is usually about the same, which is quite awkward. Once it breaks below the key support, the risk of deep correction or even retracement will be very high.

The history of such projects is quite crazy—rising from around $0.001 to over $0.5, a thousandfold increase, with a market cap once exceeding $500 million. And then? It falls back again. This is the routine pattern of Meme coins.

To put it simply, the core driver of these projects is still emotion and capital flow. Without fundamental support, it’s purely capital playing around. Extreme market conditions can happen at any time, and the risk is outrageously high. If you want to participate, you need to carefully consider where the risks are.