#比特币对比代币化黄金 $PIPPIN This wave of price movement has indeed reached a critical level from a technical perspective.

Let’s look at the first round: At the end of last December, the price surged directly from 0.00584 to 0.33, then entered a year-long correction period. This is a classic pattern—first creating a profitable effect, then shaking out weak hands through volatility to build up for the next round.

The second round, which started in October this year, has been even more aggressive. Starting from a bottom of 0.00251, it climbed all the way up to around $0.24, with a cumulative increase of nearly 100 times. The entire process was well-paced, with accumulation during consolidation before a sudden breakout—no dragging things out.

From an Elliott Wave Theory perspective, the third wave typically needs to reach at least 0.618 times the gain of the first wave to be considered complete. The current increase has already reached this technical level, meaning there could be short-term correction pressure at any time.

Those holding long positions should be cautious and lock in profits when needed—protecting your principal is more important than anything else. There will always be opportunities in the market, but if you run out of ammo, you’ll be on the defensive.

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