Current Technical Analysis
Overall Trend:
Short-term: Cautiously Bullish
Medium-term: Still in Accumulation Phase
Key Psychological Resistance: $0.10
Current Strong Support: $0.072 – $0.078
If the coin maintains trading above $0.08, there’s a chance for further short-term gains. However, breaking $0.072 could push it into deeper zones.
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Suggested Entry Zones
Relatively Safe Entry
$0.072 – $0.078
Suitable for Gradual Accumulation
Aggressive Entry
After a clear breakout above $0.085 with strong trading volume
Stop Loss
Below $0.068
Potential Targets
Short-term Targets
Target 1: $0.092
Target 2: $0.10
Target 3: $0.115
Medium-term Targets if AI Altcoin Wave Continues
$0.15
$0.20
Positive Scenario
If:
The AI trend continues in the market
Partnerships or Mainnet news emerge
Trading volume increases
We could see a strong acceleration as the coin still has a relatively small Market Cap.
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Negative Scenario
Biggest Risk Currently:
Future Unlocks for Tokens
Weak liquidity compared to large coins
Bitcoin drop could heavily pressure the coin
With a significant portion of the supply yet to enter the market, any strong unlock could trigger selling pressure.
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Simple Trading Plan
Gradual Buying between $0.072 and $0.078
Partial Sell at $0.092
Leave some for higher targets
Avoid deploying all capital at once
$C #Chainbase