Technical Analysis of a Popular Token

This recent correction is actually a normal pullback, and there's no need to worry. From the chart, the level of 0.23179 can hold, indicating that the selling pressure is limited. The lower level of 0.20127 is the real bottom support—if it can hold here, it presents a good accumulation opportunity.

The RSI indicator is still far from oversold levels, which means there is still room for the downward momentum to release. However, in the long term, the momentum will eventually exhaust itself. Once stabilization and a rebound occur, the EMA25 moving average at 0.24267 will become a key resistance, and it may even reach previous highs.

If you miss this dip, it will be difficult to chase the price after it rebounds. Instead of regretting, it's better to seize the opportunity now.