After observing the recent trends of several altcoins, it feels like the story has come to an end. These kinds of meme coins follow the same pattern—after a couple of rallies, they start to decline, with no new tricks up their sleeves.

Coins like COAI and MYX experienced fierce gains early on, but a close look at their K-line charts reveals that each peak is lower than the previous one, and trading volume is also shrinking. The situation with LIGHT is even more typical—technically, it has already formed a clear downtrend, and every rebound is a new bear trap.

This is a common problem with altcoins. Initially, they surge on hype and FOMO emotions; after the main players dump their holdings, the price continues to decline steadily. It’s not about a sudden 50% crash, but a slow, grinding decline that’s hard to endure.

Those looking to buy the dip should be cautious. At this stage, continuing to be bearish is the safer bet.