AION has been consolidating below 1400 sat resistance for months after a huge influx of volume came in this spring. Marking what is very likely to be the bottom on this one.
There is a major catalyst coming up that will reduce the inflation of AION token to about 1/8th of current inflation rate. Already being called the "Eighthening" by community members. This will no doubt spur bullish speculation on the token in the lead up to the event which is currently slated to occur on November 15th. (www.timeanddate...ountdown/launch?iso=202011...)
The project itself has a plethora of impactful partnerships that are likely to generate real demand for the token at some point in the future.
It is difficult to find a token with MORE relative buy volume inflow (In January 2020) when zoomed out on the weekly.
On Balance Volume (OBV) just made a new high.
If 1400 sat resistance breaks, the expansion move up into the 3000 sat area is likely to be very aggressive.
Price is currently resting just above the #pumpchaser zone (.382 - .5 fib levels)
Expect to see a very impressive Q4 performance from AION.
There is a major catalyst coming up that will reduce the inflation of AION token to about 1/8th of current inflation rate. Already being called the "Eighthening" by community members. This will no doubt spur bullish speculation on the token in the lead up to the event which is currently slated to occur on November 15th. (www.timeanddate...ountdown/launch?iso=202011...)
The project itself has a plethora of impactful partnerships that are likely to generate real demand for the token at some point in the future.
It is difficult to find a token with MORE relative buy volume inflow (In January 2020) when zoomed out on the weekly.
On Balance Volume (OBV) just made a new high.
If 1400 sat resistance breaks, the expansion move up into the 3000 sat area is likely to be very aggressive.
Price is currently resting just above the #pumpchaser zone (.382 - .5 fib levels)
Expect to see a very impressive Q4 performance from AION.