Maybe? Recently the market isn't that predictable but I honestly don't see why Tezos needs to go lower since majority of the alts pull back 50% due to massive run-up but Tezos has been quite modest after the March crash. Fundamentally there are a lot of good news such as being chosen as 1 of the 6 chains in China's BSN infrastructure, Bank of France CBDC experiment and 007 Delphi proposal which contains important upgrades for efficiency and gas cost, paving the way for upcoming defi projects. Tezos also has been quite successful in its venture in STO space, with real estate St. Regis Aspen resort already tokenized and trading on tZero and much more in the pipeline. Somehow crypto space doesn't react to news that efficiently but that's what's creating the dips and peaks for great trading opportunities. DYOR and this might be one of best entries for long term play.
