Today we are taking a quick look into Brickken (BKN). I have done a quick trend analysis on the movement of the token since launch.
After launch we saw a drop due to market conditions, a stabilization, long consolidation period followed by a parabolic move to the upside. Currently the price has been locked into the upper range outlined on the chart. We have been respecting the trend line outlined in yellow since 11/23/2023, and if this can continue, I anticipate another jump towards the upside in the coming days.
My target is currently $0.58 - $0.60 before we establish some new support zones.
On the contrary, if the yellow trend line is broken and we drop down, I expect that yellow trend line to flip to dynamic resistance. If this happens, I anticipate we will temporarily fall into that lower price range where we will reestablish buying pressure/volume before rising to retest that $0.32 resistance level.
If you haven't already, do some research into Brickken and their team. They have been positioning themselves to be key players within the RWA Tokenization space since their inception. The proof is in the pudding with the recently announced Hackken tokenization, Chainlink partnership & acceptance into the Cointelegraph Accelerator program, greatly expanding Brickken's exposure and access. The team is even featured in the Top 100 projects on Certik Skynet, outlining it's focus on code quality, governance strength & operational resilience. With Edwin Mata, the CEO of Brickken, becoming a founding member of the RWATA (Real World Asset Tokenization Association), it shows his commitment, not just to the success of Brickken but to the foundation of the Asset Tokenization space in whole.
**This is NOT investment advice and I urge everyone to do their own research prior to investing into any asset in any market.**
After launch we saw a drop due to market conditions, a stabilization, long consolidation period followed by a parabolic move to the upside. Currently the price has been locked into the upper range outlined on the chart. We have been respecting the trend line outlined in yellow since 11/23/2023, and if this can continue, I anticipate another jump towards the upside in the coming days.
My target is currently $0.58 - $0.60 before we establish some new support zones.
On the contrary, if the yellow trend line is broken and we drop down, I expect that yellow trend line to flip to dynamic resistance. If this happens, I anticipate we will temporarily fall into that lower price range where we will reestablish buying pressure/volume before rising to retest that $0.32 resistance level.
If you haven't already, do some research into Brickken and their team. They have been positioning themselves to be key players within the RWA Tokenization space since their inception. The proof is in the pudding with the recently announced Hackken tokenization, Chainlink partnership & acceptance into the Cointelegraph Accelerator program, greatly expanding Brickken's exposure and access. The team is even featured in the Top 100 projects on Certik Skynet, outlining it's focus on code quality, governance strength & operational resilience. With Edwin Mata, the CEO of Brickken, becoming a founding member of the RWATA (Real World Asset Tokenization Association), it shows his commitment, not just to the success of Brickken but to the foundation of the Asset Tokenization space in whole.
**This is NOT investment advice and I urge everyone to do their own research prior to investing into any asset in any market.**