🔻 The price has dropped around –96% from its all-time high.
That doesn’t guarantee a bottom — but further downside is no longer a given.
🚫 Opening shorts in this zone looks questionable,
especially considering the broader altcoin market structure.
📊 A more strategic approach would be to trade from the average price,
targeting a potential return to key resistance levels.
🎯 A bullish scenario points toward a move to the top of the channel,
with a potential +100% upside from current levels.
🪙 Worth noting: a major token unlock took place back in April —
those tokens are already in circulation, which reduces selling pressure.
📌 Still, a drop to the lower channel support can’t be ruled out —
this area should be considered in any risk-managed strategy.
That doesn’t guarantee a bottom — but further downside is no longer a given.
🚫 Opening shorts in this zone looks questionable,
especially considering the broader altcoin market structure.
📊 A more strategic approach would be to trade from the average price,
targeting a potential return to key resistance levels.
🎯 A bullish scenario points toward a move to the top of the channel,
with a potential +100% upside from current levels.
🪙 Worth noting: a major token unlock took place back in April —
those tokens are already in circulation, which reduces selling pressure.
📌 Still, a drop to the lower channel support can’t be ruled out —
this area should be considered in any risk-managed strategy.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.