SUNCAT Triangle Ending, Going to $200M+ (Elliott Wave)SUNCAT is one of the blue chip memecoins on TRON, with a strong community, consistent volume, and stable price. It's currently sitting at around $10M market cap.
From a wave perspective, SUNCAT has formed into a perfect Neowave contracting triangle.
Wave-a is the largest and most violent wave
Wave-b takes more time than wave-a and retraces more than 61.8% of wave-a
Wave-c relates to waves a+b in time, and wave-a by ~61.8% in price
Wave-d relates to waves b+c in time, and wave-b by ~61.8% in price
Wave-e relates to waves (c+d)/2 in time, and wave-a by ~38.2% in price
Channeling creates a clear contracting pattern
Based on all these fibonacci price and time relations, and based on the longer-term chart it appears that we are ending this triangle now and preparing for a move towards at least $200M market cap assuming this next move up is similar in size to the last move up. If it is larger then it's possible that SUNCAT could go to SEED_TVCODER77_ETHBTCDATA:1B + market cap.
Either way, it seems like SUNCAT will continue to be extremely profitable for holders in the near future.
