⬛🟧⬛🟧⬛🟧⬛----🍜 Let's follow up on the trend after the @EchoProtocol_ $ECHO launch~ Judging from the K-line, the upward pull on July 6 was full of beauty, and the price pulled from about $0.02 all the way to $0.057, the whole process was almost straight up, and the trading volume was also enlarged, it seems that someone is pushing behind ~ After $0.057, it began to fall, and recently fell to around $0.035, which looks like it is resting, before the short-term rise was too fast, now let the market calm down, I don't think it's a big problem here, because the volume is shrinking when this period is down, and the volume usually shrinks and falls, which is more like everyone is waiting. The current position is almost the place where the previous rise was made, and it happened to be on a relatively long-term moving average, where there is a chance to form a new support, if the next few K lines can stabilize at $0.033~$0.036 This vicinity is not broken, it may begin to consolidate, rearrange, and may have another wave ~ ╭─────✦✦─⋆⋅☆⋅⋆───╮ In addition to the trend, I have always felt that the conditions of @EchoProtocol_ itself are also good~ They are now one of the most prominent projects in the #Aptos ecosystem, almost grabbing the BTC liquidity on the entire chain, TVL is more than $600M, but the current overall valuation (FDV) is only $40M, this ratio is rare in the current market, compared with other BTCFi projects, like BounceBit, Bedrock, FDV is obviously higher than #Echo, but TVL is still relatively low, which shows that there is still a lot of room for $Echo price~ And it's not just TVL that's good-looking, @EchoProtocol_ has actual income, such as cross-chain fees, lending interest, and profit sharing, all of which will go back to the token itself, as long as the price comes up, more people will come to lock up and participate~ I myself think that this price is actually not bad, you can observe it~ 😎