Looking at the movement pattern, it can be referenced to $PIPPIN and $MYX: a bottom that increases several hundred times, FOMO spreading, then just one strong daily candle drop to "harvest" all. After the crash, prices often hover below the bottom, occasionally bounce back like a "resurrection" to attract more new capital and sweep both short and bottom-fishing traders.

The obvious scenario is that there is still one final rally – possibly pushed up to the $1 mark to boost market sentiment to a fever pitch. When the "this time is different" psychology spreads, prices will move sideways around the peak to gradually distribute, before a decisive red candle appears, ending the cycle.
In reality, the lifecycle of many speculative altcoins is often similar: shock rise – expectation creation – distribution – collapse. Very few people actually take profits at the top; most become liquidity for early entrants.
For coins like these, if you participate, it should only be considered as a lottery ticket with a small stake. Using large capital or trading leveraged contracts carries extremely high risk, and the probability of long-term survival is almost negligible. In speculative markets, the key is not about being "different," but about capital management and disciplined exit strategies.