As the chart shows, the price reached the last support level and closed above it, which technically confirms this level. On the fundamental side, we note that the market capitalization of this coin is small. This means that an influx of around $10 million could push the coin higher again, targeting a 3% convergence on the weekly time frame. I will be looking for quick buying opportunities.
#CryptoAnalysis #MarketCap #TechnicalAnalysis #SupportLevel #TradingStrategy #Investing
#CryptoAnalysis #MarketCap #TechnicalAnalysis #SupportLevel #TradingStrategy #Investing
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.