why do u think, that 5500 is bottom. Why not 1k, or 10k. From what do u take 5500? As or me, i think this is pumpanddump coin, the only purpose of which was quick and great pump for getting a lot of money by polo. And now - BB pascal, ggwp.
5.5k was the low on Polo, so it would be a double bottom. If it broke 10K, I'd expect a panic dump where everybody fears 1K. With its small mcap, that would be a perfect opportunity for a whale to step in at >5.5k and pump it up again. I'd imagine that would then create a lot of long-term baghodlers.
In retrospect, I was probably wrong to say that 1k couldn't be hit unless it was delisted however, as I forget to take into account increased supply. If years from now, when there are 25M+ coins, it is still listed, then 1K or less might well be hit.
