BUY: 0,00002335 - 0,00002490
SELL: 0,00004200 - 0,00004230
STOP-LOSS: 0,00002390
Support: -
Resistance: -
Polymath is a blockchain-based platform that aims to combine traditional securities with blockchain technology. Users can fast initiate the release of their own security tokens, which is possible due to the functionality of the platform. In addition, the project wants to become the largest ST-exchange in the world. At the moment, the project uses the standard ERC20, and it’s not security tokens.
On August 14, the market fell and the token updated its minimum, which was formed at the level of 0.00000380. The rate lost about 90% in one candle on the daily chart, but quickly returned to its channel. The current minimum was formed in mid-September at the level of 0.00001989.
On October 17, the average trading volume increased 4 times, which spurred interest in the token. However, the hype quickly ended, the price and trading volumes began to fall to previous values.
At 0.00002980 level should observe the token behavior, if purchases are predominant it will be considered as the entry zone.
Volatility is in the range of 10-20% during the day, but liquidity is low.
As more than 70% of the asset is in one wallet, so the risk of price manipulation is high. Despite the fact that the project is very promising in light of the growth of interest in security tokens trends, care should be taken when trades with it. Be sure to put a close stop-loss.
SELL: 0,00004200 - 0,00004230
STOP-LOSS: 0,00002390
Support: -
Resistance: -
Polymath is a blockchain-based platform that aims to combine traditional securities with blockchain technology. Users can fast initiate the release of their own security tokens, which is possible due to the functionality of the platform. In addition, the project wants to become the largest ST-exchange in the world. At the moment, the project uses the standard ERC20, and it’s not security tokens.
On August 14, the market fell and the token updated its minimum, which was formed at the level of 0.00000380. The rate lost about 90% in one candle on the daily chart, but quickly returned to its channel. The current minimum was formed in mid-September at the level of 0.00001989.
On October 17, the average trading volume increased 4 times, which spurred interest in the token. However, the hype quickly ended, the price and trading volumes began to fall to previous values.
At 0.00002980 level should observe the token behavior, if purchases are predominant it will be considered as the entry zone.
Volatility is in the range of 10-20% during the day, but liquidity is low.
As more than 70% of the asset is in one wallet, so the risk of price manipulation is high. Despite the fact that the project is very promising in light of the growth of interest in security tokens trends, care should be taken when trades with it. Be sure to put a close stop-loss.