Not much to talk about here. The case is very simple. This coin didn't experience a proper bear market, which is a massive sign of strength. Over the last few years, it slowly got more listings and is now listed on Coinbase, which means it could have the potential necessary liquidity to push it higher.
Unfortunately, its chart on Tradingview isn't the best because even the average price, as shown by Tradingview, includes price action of just the last year or so; hence it doesn't show the whole picture. Based on my holistic analysis, it looks solid and could have a rally higher at any moment. The downside is somewhat capped, and the upside is almost unlimited. The first target is near 22$, but I expect higher prices after a correction. Essentially the first 2x is easy, and anything after that is a gift.
On the chart, which is an extraordinary chart, I have added some potential paths for the price action. I always like to pay attention and trade coins that differ from the rest, as these coins provide the best opportunities. Depending on how you look at it, this multi-year consolidation could lead to a substantial expansionary move. Overall, I think 6.5$ is the lowest the price could so I would put my stop below it, but I find it unlikely that the 10$ support will break soon. If it does break, either buy lower or wait for the reclaim and then step in.
Unfortunately, its chart on Tradingview isn't the best because even the average price, as shown by Tradingview, includes price action of just the last year or so; hence it doesn't show the whole picture. Based on my holistic analysis, it looks solid and could have a rally higher at any moment. The downside is somewhat capped, and the upside is almost unlimited. The first target is near 22$, but I expect higher prices after a correction. Essentially the first 2x is easy, and anything after that is a gift.
On the chart, which is an extraordinary chart, I have added some potential paths for the price action. I always like to pay attention and trade coins that differ from the rest, as these coins provide the best opportunities. Depending on how you look at it, this multi-year consolidation could lead to a substantial expansionary move. Overall, I think 6.5$ is the lowest the price could so I would put my stop below it, but I find it unlikely that the 10$ support will break soon. If it does break, either buy lower or wait for the reclaim and then step in.
