Early to call, however a nice break & retest pattern is forming at the previous ATH.
One thing that stands out is the lack of high volume at the current levels which is evident by looking at the visible range chart.
SFUND has been on a nice run, and with the current IDO craze, it's likely that all tokens involved in that part of DeFi will continue to find strength as new projects launch.
With that being said, we also have to keep BTC in mind when considering ALT coin investments. Given BTC can break 50k and create some strong support near and around that level, it should be smooth sailing for SFUND given the volume of project IDOs stays as is.
One thing that stands out is the lack of high volume at the current levels which is evident by looking at the visible range chart.
SFUND has been on a nice run, and with the current IDO craze, it's likely that all tokens involved in that part of DeFi will continue to find strength as new projects launch.
With that being said, we also have to keep BTC in mind when considering ALT coin investments. Given BTC can break 50k and create some strong support near and around that level, it should be smooth sailing for SFUND given the volume of project IDOs stays as is.
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Disclaimer
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.