The $GSWAP / $SHROOM token combination had a bullish action that peaked on March 22nd. Since then it has cooled off and given back a lot of gains as some OG's and paper hands took profit. Price recently dipped down towards the .786 fib reload zone where it was been bid up and then sold off back into the same zone and rebought again. This .786 area is usually a spot where strong projects find reversals. It recently happened with $BADGER, $ROOK, $SUSHI, and others. Further it looks like the MACD is about to flip and price will continue to try and recapture some the EMA's.
Normally from a pure technical POV I would be looking for for further confirmation of these indicators, but with the recent news tweeted out by @GameswapDEX, there are fundamental to be bullish on their new product preview that is so sleek and sexy it doesn't look like crypto/defi at all, but rather an interface you would see on a PS5 or something. I think there is a huge untapped market for gaming NFT's and this product looks almost ready for primetime. This project has a $20m mcap and is less than 1/100th of $ENJ. A 5-10x seems possible.
So overall this might not be the perfect time to buy as a trend reversal hasn't been completely confirmed and this could drift for a while, this looks like a good time to buy into a product that will likely be released in the next few months and could offer nice upside if it continues to deliver.
Normally from a pure technical POV I would be looking for for further confirmation of these indicators, but with the recent news tweeted out by @GameswapDEX, there are fundamental to be bullish on their new product preview that is so sleek and sexy it doesn't look like crypto/defi at all, but rather an interface you would see on a PS5 or something. I think there is a huge untapped market for gaming NFT's and this product looks almost ready for primetime. This project has a $20m mcap and is less than 1/100th of $ENJ. A 5-10x seems possible.
So overall this might not be the perfect time to buy as a trend reversal hasn't been completely confirmed and this could drift for a while, this looks like a good time to buy into a product that will likely be released in the next few months and could offer nice upside if it continues to deliver.