This is an interesting coin that is having some exciting developments recently, including an airdrop to holders of the coin when they launch their ERC20 token 2XDN.
After reaching an ATH of 646 in 2018, the price slowly dropped all the way to 2 sats for a while before pumping to 18 and now finding support at 7-8.
I'm accumulating this coin and holding for a while to see where it can go.
Price starting to creep up with increasing volume, daily MACD has crossed up to positive.
Comment
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We tested 13 sats for a couple days and have now broken out of resistance. Daily MACD is firmly positive and increasing. There are 34 days until the 2XDN airdrop on this coin and I only see price moving up until then.
Trade active
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Had to adjust my chart a little when we hit resistance at 14 and had a pullback. If we can hold 8-9 then I think the next wave up will come during this week and then possibly a breakout.
Clean break tomorrow I imagine, technically we could touch 8 sats one more time but that's risky business if anyone should try shorting this at this point.
davedesigns
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@LitecoinFam, Looks like 11-12 sats is holding for now but yes a pullback could occur before we reach the end of this triangle - and I'll be buying it up lol
Fragnstein
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what will this do for the current XDN coin ?
davedesigns
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@Fragnstein, I think XDN will remain active, they'll just distribute a proportional amount of new 2XDN coins to holders of XDN. Kind of like a hard fork I guess?
LitecoinFam
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@davedesigns, We will be releasing more details on the 2XDN drop shortly, but as for the XDN, nothing changes. Pretty much you'll just receive free coins. Follow me on twitter @LitecoinFam for release.