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Many people panic when they see a 35% retracement, but from a long-term perspective, the situation is far from as bleak as it seems. Taking the leading platform coin as an example, its current price is 841.29. Although it is still below the high point, the overall trend remains stable.
**Why this correction is actually a good thing**
Imagine a "mid-game break" after a sharp rise—what does the resilience at the 800 level indicate? It shows that this is not a crash, but a recharging phase. As a representative of exchange platform coins, it has strong support from mechanisms like Launchpool mining effects. Compared to most altcoins, this anti-dip ability already explains the issue. The market calls this the "bull turnaround" golden accumulation stage, in simple terms, big players are quietly building positions.
**Key levels to watch carefully**
Looking upward, the immediate resistance is at 950-1000, which is the first psychological barrier for a rebound. Further up are the previous highs at 1200-1300, where many trapped investors are located. Once the price reclaims 1000, the bulls will attempt to challenge the all-time high again.
Looking downward, support levels are at 800-830, which is the current operational zone. Interestingly, this price range was once a strong resistance level and has now become a defense zone. There is also a support at 700, which is the central point during prolonged oscillations. Unless there is a systemic market crash, it’s unlikely to break below that.
**Volume reveals the truth**
When reaching the top, volume surges; during corrections, volume diminishes—what does this signal? The massive volume at the top indicates significant divergence, and a short-term top is normal. But a decline with decreasing volume now is different; it shows that major funds are not fleeing en masse, but retail investors are panic-selling. The chips are well locked in; most holders have their coins tied up due to mining rewards, so selling pressure is naturally limited.
**How to operate**
If you are still holding, stay firm. Platform coins are like "golden shovels"—as long as exchanges are operating and new coins are being mined, they are cash cows. Not only can you profit from price fluctuations but also from the compound interest generated by mining. Hold firmly at the 800 level.
If you are currently out of the market, as the old saying goes, "A thousand gold can't buy a bull turnaround." The current price is 60-70% of the high point. Building positions boldly in the 800-850 range is the strategy. The simple reason is—this is one of the most certain assets on the market. Every correction is an opportunity to buy in, with the target to surpass 1000.
**Wrapping up**
Platform coins are currently in a dormant phase, but 800 marks a new starting point. As a "core asset," it’s something you should buy after a correction.