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This rise and fall rhythm is really outrageous. Some cryptocurrencies take several days to complete a trend, but this one finished in just an hour.
Yesterday it was still at 33, and it looked like it was about to break down to 16.5. If it really crashes, that would be a complete halving. And the 16.5 level is basically a hurdle—once broken, market sentiment will find it hard to turn back.
Honestly, for such extremely volatile coins, only professional gamblers would dare to trade them. Ordinary crypto participants generally avoid them. No one wants to chase an asset that can crash suddenly; the risk-reward ratio is simply unbalanced. Once the popularity drops, the space for a rebound will be severely limited, and the chances of a comeback will be greatly reduced.