#2024WithBinance On the time chart, what do the peak and bottom values of a coin indicate?
The peak represents the interest of new investors and the continued commitment from existing investors. During a booming market phase, the peak value usually increases over time.
When the market shifts to a stable and declining phase, the bottom value clearly reflects investor behavior. At this time, short-term investors will leave the platform or the market, while long-term investors will average down but will still remain. Therefore, if we evaluate the bottom of a project over time, it can provide us with more stable and accurate information about the development of that project.