Over the weekend, crypto went through the largest crash in its history.
Billions of dollars in leveraged positions were obliterated in hours. Entire altcoin markets folded like cheap lawn chairs.
And yet… just a few days later, the entire market is back on its feet.
This is what makes crypto so savage — and so rewarding.
Take Render Token ($RNDR) as just one example. It nuked below support… and then ripped right back above it almost immediately.
For those unfamiliar, Render is a $1.5B tech project that lets people rent out unused computing power to artists and developers for rendering digital content.
This kind of failed breakdown is what we love to see.
On our charts, we annotate them with a single word: “Oops.”
Because when a breakdown fails… it tends to snap back violently in the other direction — especially after all the longs have been forced to sell.
And that’s how a collapse can turn into a slingshot.
From where the sun rises first,
Louis Sykes
Senior Crypto Analyst, All Star Charts
