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RE: Magic Eden Integrates Solana cNFT Standard as Blockchain-based Collectibles Are Rapidly Ad
You're looking at a five-wave move to complete a five-wave Elliott cycle. The first wave is a large countertrend move from the low of the second wave up from the high of the third wave, ending in May 2019. The second wave is coming to an end and may be followed by another rally to end the fifth wave.