The decline of the Ph chain happened faster than most people expected. Pons dropped 45% in the first wave from its peak. Currently, the second wave is down 65%. From a technical perspective, a price breakout above the downtrend channel would signal the end of this decline. I’ve outlined two relatively strong rebound paths, both using the 0.27 low point as the baseline for the rebound. If it breaks below that, the rebound might be delayed further. Other potential scenarios lean towards weaker bottom consolidation paths, with 0.275 as support and 0.37 and 0.43 as resistance, leading to chaotic fluctuations. It will take time to determine how the bottom will form in this phase. Alternatively, it could shift to a larger cycle, such as continuing to fluctuate from September 10th to the end of the month, then resume the downtrend to hit new lows... That said, with Pons dropping to a $200 million market cap and the official team ramping up efforts to support ecosystem development, this could be a decent buying opportunity with good value. #pons