You are right no doubt but there is something they call FOMO (fear of missing out) that comes into your mind when you are in the market. It might actually never come back to the price you are seeing it.
Neutrally in trading, there is a saying that a token that rises so high in price and value will definitely come back down, perhaps the token can be strong enough to not crash down back.
Even bitcoin went as high as 20,000 and still came down, this is why you cannot just follow every waves and assume, you need to follow the steadiness and steadfastness too. Always do your own research