Token $丙午 has delivered a solid 10X return, but recent price action tells an interesting story. The chart is painting a textbook double bottom pattern right now, which typically signals potential reversal plays for traders watching the recovery setup.



What we're seeing in the market is the aftermath of an internal conflict within the project team. A core developer apparently parted ways with the project and then publicly communicated this exit to his supporters, triggering a significant community-driven sell-off. It's certainly not the ideal way to handle leadership transitions.

Here's the thing though—sometimes these events create opportunities rather than permanent damage. The panic selling often overshoots the actual fundamental impact, especially when the broader tech foundation remains intact. The current dip could be setting up an attractive entry point for traders who believe the project's core value proposition wasn't destroyed by the management shuffle.

The double bottom formation combined with the capitulation selling pressure suggests we might be near the capitulation zone. Worth monitoring closely for technical confirmation on the next bounce.
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LayerZeroHerovip
· 7h ago
The double bottom pattern has appeared. This time, the developer resignation incident seems to be a typical panic sell-off overshoot, and the fundamentals are still there.
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GasFeeTherapistvip
· 7h ago
The core developer running away and having to make a public announcement about it is truly outrageous.
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EntryPositionAnalystvip
· 7h ago
The announcement of the core developer fleeing... is really something else, but come to think of it, the bottom pattern does have some substance.
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tokenomics_truthervip
· 7h ago
The core developer ran away and even boasted about it. This move is incredible, no wonder the price dropped. But on the other hand, such sharp declines are often opportunities to buy the dip. Once the double bottom truly forms, it will be time to ignore the dust.
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0xTherapistvip
· 7h ago
The developer running away with this move indeed gave us vultures a chance to scoop up the leftovers.
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