I’ve been tracking this bounce to $0.45 carefully, and I have to admit, the more I study it, the less I trust it. Myself, I don’t see a recovery — I see a pressure valve releasing just enough steam to pull in late buyers before the real weight arrives.
August is where my research keeps circling back. The emission schedule I’ve mapped out points to a supply wave that hasn’t been priced in yet, and historically, these windows are when smart money quietly sets exit liquidity.
I’ve been scanning on-chain wallets for any sign of real accumulation, some whisper that long-term holders are absorbing the dip, but so far the data is eerily quiet. That silence unsettles me more than a sharp sell-off would.
I’ve drawn my line at $0.42; I’ve marked it myself as the level where the narrative completely breaks. Watching this chart now feels like observing a tightly coiled spring — and I can’t shake the feeling that the real move hasn’t even started yet.