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DRIFTUSDT

$DRIFT: Solana’s next DeFi frontrunner?Drift v3 is now live. Drift has kept building through every market phase with one clear aim: deliver a stronger trading experience. The v3 release introduces a modern redesign and much faster execution. Technical View: Price is currently testing the $0.25 diagonal resistance, and with Bitcoin struggling to hold 91k heading into the weekend, I’m not expecting DRIFT to break through here. If the $0.20 area holds with steady strength, it could set up a long opportunity toward the $0.35–$0.40 zone, which lines up with the previous value area low. Ideally, we want to see BTC find support around the 87–86k region.
Long
by Tealstreet
DRIFTUSDT Approaching Key Breakout ZoneDRIFT has been consolidating for months under a strong descending trendline. Price has been rejected multiple times at this resistance, showing how significant this level is. Key Points - Trendline Resistance: Price is retesting the descending resistance line after several failed attempts. - Volume Profile: A heavy resistance zone is visible on the VPVR, capping upside moves so far. - Support Zone: Strong accumulation area formed around $0.45–$0.50, providing a solid base. - Breakout Potential: If price manages to close above $0.69–$0.70 with volume, a strong bullish continuation move could follow. Trading Plan Entry Zone: Watching for breakout confirmation (above $0.70.) Target (TP): $1.20 – $1.35 mid-term; higher levels possible if momentum builds. Stop-Loss (SL): Below $0.52 Cheers Hexa
Long
by HexaTrades
Drift Analysis (1D)It seems that DRIFT is completing wave C of a larger triangle, and wave C itself has also formed a triangle. We are currently in wave d of C. This wave is expected to complete within the green zone, after which we anticipate moving towards the targets for wave e of C. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
2
Where should we buy DRIFT?It seems that from SW H onwards, DRIFT has entered a correction phase. It could move downward from the red zone (for wave C). Along with the price correction, there will also be a time correction. There is a fresh demand zone, where short-term buy/long positions can be considered. The closure of a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
What’s Next for DRIFT After 500% Volume Surge on Upbit?From Airdrop to Airborne | DRIFT Token Soars Like a Rocket ! The governance token DRIFT from Solana based decentralized exchange Drift Protocol is currently gaining attention after being listed on an exchange. On November 8, the South Korean exchange Upbit announced that DRIFT would be listed at 18:00 KST, with trading pairs in Bitcoin , USDT, and the Korean Won also Bianance will add DRIFTUSDT Perpetual Contract as well This development triggered a 500% increase in trading volume for DRIFT which is insane, accompanied by an 90% price rise. Now trading at $0.91, this strong surge mirrors past trends observed with other tokens listed on Upbit. In May 2024, the Drift Foundation launched DRIFT, its new governance token, through an airdrop of 120 million tokens 12% of the initial 1 billion DRIFT supply plus a bonus of 20 million tokens was included in the distribution, exceeding the original planned supply. Drift Protocol’s co founder, Cindy Leow, explained that the bonus aimed to prevent network congestion and premature sales, enhancing the user experience and rewarding loyal traders. Drift Protocol supports perpetual futures trading on the Solana Network, and DRIFT allows holders to propose and vote on governance improvements by staking. The daily chart shows the Bollinger Bands widening, indicating increased volatility around DRIFT. However, the token’s price has reached the upper BB band, signaling potential overbought conditions, as reflected in the Relative Strength Index The RSI currently stands at 78, which, being above 70, suggests an overbought asset. This indicates that DRIFT's price could undergo a short term correction, potentially dropping to $0.70. However, if buying pressure persists and profit-taking remains low, the altcoin may continue climbing, possibly surpassing $1 Alt szn just started and now is the best time for gem hunting Dont miss the train
by moonypto
2