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Author | Ding Dang (@XiaMiPP) “Altcoins are dead” has become a consensus that crypto users were reluctant to admit but had to face over the past year. Even former blue-chip tokens have fallen into prolonged sideways movement or gradual declines amidst the broader market’s sustained weakness, showing little sign of recovery. However, amidst this overall downturn, the MORPHO token has rebounded from its early February low of $0.96 to the $1.8-$1.9 range, doubling against the trend. Looking at the daily chart, this rebound has essentially formed a rounded bottom pattern, which could be a signal of a bottom reversal. Is this surge merely a short-term push driven by market sentiment, or the start of a trend fueled by the resonance of fundamental and structural variables? When the Old Regime Begins…# Analysis# defi# Market# Token# ToolPre
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- In 2014, an intern joined Baidu Research Institute. He was a Ph.D. from the Institute of Automation, Chinese Academy of Sciences, hailing from a county town in Henan. He had calculated his future: ...