This coin is currently priced at $0.13277, down from last October's high of $0.5074, a decline of over 70%. Saying it is the first Chinese community Meme coin launched in the Alpha program of a leading exchange might be an exaggeration, but it does have a certain level of popularity.

From a trading perspective, the key support is in the range of $0.1000-$0.1500. On the upside, we can look at the three levels of $0.2000, $0.3000, and $0.4500. A stop loss set below $0.0850 is relatively safe.

Why are there still people bullish? There are several main reasons: First, it stems from the "Apple vs Android" concept in Chinese internet culture, which can indeed resonate with the community and has a good effect in breaking the circle. Second, the exaggerated early growth attracted a bunch of on-chain KOLs and retail investors, accumulating quite a bit of attention. Third, the token supply is clear, with a total of 100 million coins all in circulation, with no subsequent unlocking risks.

But the risks are also very obvious. First of all, this is a pure Meme coin, with no fundamental support, completely relying on emotions and speculative hype. Now the trading volume has shrunk significantly compared to its peak period. Secondly, the distribution of coins on the chain is not very even, with large holders concentrated, making it easy to manipulate. Before entering the market, one must think clearly about how much volatility they can tolerate.