Looking at this coin's recent performance, it surged from 16K to around 29K, almost doubling. But to be honest, the retracement was quite fast, and now it's back again.

From a technical perspective, the trend still looks relatively strong, and the fundamentals are also decent. The problem is—there's too much water in the pond. Retail investors' chips are too scattered, lacking sustained buying momentum. Once the upward momentum weakens, it's easy to get knocked down.

The current situation is a bit awkward. Without new capital entering to absorb the sell-off, this level is indeed somewhat risky. Whether it can be picked up again depends on whether strong buying interest appears later. For now, we still need to observe.