As we had previously anticipated, the value is in a calm accumulation phase, where large upward or downward movements are not expected. It is expected that this situation will continue like this for a while, giving the investor time to position themself waiting for a good bullish rebound, but always with a stop loss below the area marked in red, to avoid large losses.
After encountering resistance at the first expected level, the token has returned to the accumulation zone (marked on the graph); it was clearly not ready to head to the ATH zone.
One piece of advice now is to increase our position in this area, always with a stop loss below it, and wait for the strong hands to launch it towards ATH, which will undoubtedly arrive...
As anticipated, the token has reached the $0.60 zone where it was expected to encounter some resistance as this was a key value in previous weeks. The idea here is to wait for a retracement of the value to the $0.55-$0.50 zone and enter expecting a second impulse to the $0.75 zone where the value has its historical ATH. Stop loss -20% below $0.50 is recommended.
Price Range: $0.40
Duration: Last month
Indication: Strong support and accumulation at this level suggest a solid base has formed, indicating potential upward movement.
Anticipated Price Movement
First Target: $0.60
Reason: Initial resistance level; a break above this could confirm the continuation of the uptrend.
Second Target: $0.75
Reason: Following the break...
The price has found double support at 0.41 levels and the token is in a clear accumulation phase, with good repeated volume during the last sessions. It is a matter of days before the 0.60 level is retested and if it is done positively, the token could enter in discovery price if volume pushes up in a short period of time.
