Recently, I've been observing the performance of many MEME coins, especially those backed by large ecosystems. Their trends are quite interesting. Taking a popular MEME as an example, it shot from 0.08 directly to 0.29. At that time, it was a classic case of traffic + sentiment double kill—everyone rushing in, with gains that defy logic.

Now, after falling from the high point to around 0.21, it does look quite alarming. But a closer look at the details reveals two interesting phenomena.

**First, someone is buying the dip at 0.21.** There’s no sign of panic selling to the bottom, indicating that some investors still believe in the project's future.

**Second, the holding volume has hardly shrunk.** This suggests that holders are not fleeing en masse but are holding on, waiting for opportunities rather than completely giving up on the project.

Why is this kind of trend worth paying attention to? Because it represents the typical characteristics of coins with community backing and stories. The initial surge was too fast, and it indeed takes time to digest the floating supply and calm the emotions. But since the underlying ecosystem still supports it and consensus remains intact, it’s not the kind of MEME that will completely cool off after a single wave.

There are two key points to watch next:

**Can the price range of 0.21 to 0.22 hold steady?** If it repeatedly breaks below, it indicates that the support isn’t strong enough; if it gradually forms a small platform, it means it’s gathering strength.

**When will the overall sentiment in the MEME sector warm up again?** As long as the broader market sentiment improves, coins with stories and community foundations tend to rebound faster than others.

From a trading perspective, now is neither the time to blindly buy the dip nor to consider it a dead coin. A more accurate way to put it is: it’s a halftime break. When the next wave of market momentum starts, if the price can slowly consolidate above 0.22 over the next few days, coupled with moderate increase in trading volume, the subsequent rhythm will likely be much more comfortable than it looks now.