The price of this governance token $USUAL has quickly rebounded from a high of 0.9U to a low of 0.55U, and is currently fluctuating slightly around 0.73U. From this, it can be seen that 0.55U is a very strong support level, and the price rebound is also a result of the tacit approval of market makers or platform project parties. Since institutional whales cannot dump too much or buy heavily at low prices.
My personal view leans towards the idea that if the price is too low, market makers or platform project parties will also strongly intervene. Because if the price is too low, a large number of low chips will flow into the hands of retail investors, which would be detrimental to USUAL's wash and rise after formal trading.
When it retraced to 0.6U, I had planned that if it fell below 0.5U the next day, I would find ways to borrow several accounts to buy in large quantities, but I did not take action as it later rebounded. I have mentioned more than once that if this coin does not even reach a price of 0.5U after formal trading, there is no need for it to be issued at all.
In two days, USUAL will begin formal trading, and those who are still fantasizing about buying low chips at 0.2U or 0.4U can take a break. Because once formal trading removes the purchase limits, there will be a large number of institutional whales buying crazily at prices below 0.9U. The reason is that buying at 1.1U will not incur losses; I have stated this in my previous articles and will not repeat it here. Friends who have not seen this article can click on my homepage to check. Those still singing about the price drop are simply hoping to buy at an even lower price, and there is no need to pay them any mind. If they do not buy now, they will strive to chase and buy after the price rises, and I believe they are more eager for their re-entry. Wishing everyone prosperity!