$ALCX
once traded near $419 and later dropped to around $7, marking a massive correction from its previous peak. Despite that decline, some holders are watching the chart closely as the project still attracts attention within the DeFi space.
Large price drawdowns often lead to long accumulation phases where long-term investors evaluate whether the asset still has growth potential. If demand returns and the ecosystem regains momentum, some traders believe $ALCX could attempt a recovery over time.
For now, many holders prefer a buy-and-hold approach while monitoring market structure, liquidity, and overall crypto sentiment before expecting any major upside move.
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