Whenever a project is considered undervalued, the market will often drop another 15% immediately afterward. This is a true reflection of the current market situation. Those prices that seem to have bottomed out are often just intermediate stations in a decline. What does this phenomenon reveal? Pessimistic expectations in a bear market influence price movements far more than valuation itself. Investors tend to overestimate the stability of the bottom and underestimate the duration of panic sentiment. Recognizing this is essential to survive in an extremely pessimistic market.