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Drift protocol/Tether USD PERPETUAL CONTRACT

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DRIFTUSDT.P trade ideas

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
DRIFT/USDTKey Level Zone : 1.3382-1.3562 HMT v3.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks
Long
by Ren_MomentumTrader
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
DRIFT/USDT Long (15mGraph)📊 DRIFT/USDT - 15-Minute Technical Analysis 🔍 Rising trend support combined with Fibonacci levels highlights key areas: Entry Zone: Between 1.2842 - 1.2986 (Fibonacci 0.618 - 0.79 levels) Stop-Loss: 1.269 (Below the Fibonacci 1.0 level, marking the risk boundary) Targets: 🎯 TP 1 (+4.56%): 1.3504 🎯 TP 2 (+6.17%): 1.3730 🎯 Close Position (+8.56%): 1.4023 ⚡ Potential Move: If the price holds above the entry zone, it may follow the rising trendline towards the target areas. However, a drop below 1.269 activates the stop-loss. ❗ Note: This analysis is for educational purposes only and is not financial advice.
Long
by MinutesCharts
DRIFTUSDT | Mapping Out Possibilities | Near Term (4HR)DRIFTUSDT | Mapping Out Possibilities | Near Term (4HR) As part of my profit taking strategy, I like to go through and map out potential levels of interest based on semi-bullish to very bullish mock up price action using fractals and fibs. Based on concept of money flow... BTC, then ETH, then Large Caps, Then Mids and Smalls, I am personally heavier skewed loaded up on mid to small cap coins with bullish chart setups and high profit potentials. I think its that time again for DRIFT... I enjoy and target coins like this without any historical price data, that enter into price discovery. Additional altcoin near term and midterm chart ideas listed below. XUSDT | Mapping Out Possibilities | Near Term (4HR) OLUSDT | Mapping Out Possibilities | Near Term (4HR) GRASSUSDT | Mapping Out Possibilities | Near Term (12HR) ALGOUSDT | Mapping Out Possibilities | Near Term (12HR) GRASSUSDT | Mapping Out Possibilities | Mid Term (1D) XUSDTUSDT | Mapping Out Possibilities | Mid Term (1D) MYRIAUSDT | Mapping Out Possibilities | Mid Term (1D) GHSTUSDT | Mapping Out Possibilities | Mid Term (1D) DOGSUSDT | Mapping Out Possibilities | Near Term (4HR) DEGENUSDT | Mapping Out Possibilities | Mid Term (1D) MANEKIUSDT | Mapping Out Possibilities | Mid Term (1D) CSPRUSDT | Mapping Out Possibilities | Mid Term (1D) WLDUSDT | Mapping Out Possibilities | Mid Term (1D) GODSUSDT | Mapping Out Possibilities | Mid Term (1D) AXSUSDT | Mapping Out Possibilities | Mid Term (1D) CHZUSDT | Mapping Out Possibilities | Mid Term (1D) OGNUSDT | Buy Now, Thank Later | Near Term (4HR) XCHUSDT | Buy Now, Thank Later | Near Term (4HR) VRAUSDT | Buy Now, Thank Later | Near Term (4HR) CSPRUSDT | Buy Now, Thank Later | Near Term (4HR) PERPUSDT | Buy Now, Thank Later | Near Term (4HR) TLMUSDT | Buy Now, Thank Later | Near Term (4HR) DODOUSDT | Buy Now, Thank Later | Near Term (4HR) LPTUSDT | Buy Now, Thank Later | Near Term (4HR) VRAUSDT | Buy Now, Thank Later | Near Term (4HR) XCHUSDT | Buy Now, Thank Later | Near Term (4HR) CSPRUSDT | Buy Now, Thank Later | Near Term (4HR) VELOUSDT | Buy Now, Thank Later | Near Term (4HR) UMAUSDT | Buy Now, Thank Later | Near Term (4HR) OGNUSDT | Buy Now, Thank Later | Near Term (4HR) DOTUSDT | Buy Now, Thank Later | Near Term (4HR) VIDTUSDT | Buy Now, Thank Later | Near Term (4HR) BTCUSDT | Alts Poised to Explode | Near Term (2H) Mock Up Price Action for ALGOUSDT | Mid Term (12HR) MYRIAUSDT | Interested to see where this goes | Mid Term (2D) Mock Up Price Action for VRA w/ Timeline | Mid Term (3D) Mock Up Price Action for XCH | Mid Term (12HR) OGNUSDT | Interested to see where this goes | Mid Term (3D) Mock Up Price Action for CSPRUSDT | Near/Mid Term (2D) VIDTUSDT | Interested to see where this goes | Mid Term (3D) RAREUSDT | Interested to see where this goes | Mid Term (3D)
Long
by Trevictus
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 $1 Alt szn just started and now is the best time for gem hunting Dont miss the train
by moonypto
2
Drift Token Surges 100%, Hits New ATH Following Upbit ListingThe Drift token ($DRIFT) is making waves in the cryptocurrency world, experiencing a remarkable 100% surge in value following its recent listing on South Korea's premier exchange, Upbit. This significant milestone has elevated DRIFT to an all-time high (ATH) as trading volume skyrocketed by 1000%, reinforcing its strong position within the decentralized finance (DeFi) space. Upbit Lists DRIFT with KRW, BTC, and USDT Trading Pairs Upbit’s official announcement on November 8 revealed that DRIFT trading pairs would be available in KRW, BTC, and USDT, offering flexibility and convenience to a diverse trading community. Upbit has outlined network limitations for the token: deposits and withdrawals are exclusively supported on the Solana network, and specific transaction restrictions will apply, such as buy limits, minimum sell price restrictions, and designated order types. These measures align with Upbit’s regulatory practices and ensure a structured trading environment for DRIFT. The Impact of Major Listings: Boosting Visibility and Investor Interest Drift Protocol has previously gained traction with listings on major platforms like Coinbase. Now, with Upbit onboard, DRIFT's listing highlights the power of major exchanges to drive momentum and boost market interest. Major listings introduce emerging tokens to a broader audience, fostering greater liquidity, demand, and accessibility—especially critical in rapidly growing markets like Asia. Comparisons with similar tokens underscore this trend: SAFE token’s price spiked 88% after its Upbit debut, indicating the transformative impact of visibility and accessibility on token success. DRIFT’s success story exemplifies this effect, as it attracts growing attention from traders, investors, and the DeFi community. Price Action and Technical Analysis Following the listing, DRIFT’s price surged to around $0.90, paring some gains to an 86% increase. Its rapid rise from a 24-hour low of $0.4746 to a peak of $0.9747 reflects heightened investor enthusiasm. As trading volume soared by 1000%, DRIFT solidified its momentum, affirming the positive market sentiment surrounding its future in DeFi. However, despite this rapid growth, derivatives markets data shows a slight cooling trend: open interest in DRIFT has dropped by 8% over the past 4 hours. While this dip suggests a potential pullback in the near term, DRIFT’s support at $0.70 is expected to provide a solid foundation for future price rebounds. The token’s current Relative Strength Index (RSI) reading of 72 places DRIFT in overbought territory, indicating that a temporary correction might be on the horizon. This cooling phase could stabilize DRIFT and set the stage for sustainable growth as the token capitalizes on recent gains. Drift Protocol Drift Protocol’s ascent in the DeFi sector is fueled by its innovative offerings, including perpetual futures trading on the Solana blockchain. This functionality empowers users to access a decentralized exchange with advanced trading capabilities, a valuable proposition as DeFi expands globally. With DRIFT's recent listing on Upbit, the protocol is poised to gain a stronger foothold in the Asian market, where demand for decentralized and transparent financial services is growing. What’s Next for DRIFT? With strong support at $0.70, DRIFT’s price trajectory suggests potential for further gains. As more users recognize its functionality within the DeFi space, and with increased visibility from its latest exchange listings, DRIFT is positioned as a promising token for long-term growth. As the DeFi space evolves, DRIFT’s achievements mark it as a noteworthy contender in the market, combining robust technical foundations with rising global interest. Traders and investors should closely monitor its trajectory as Drift Protocol advances in its mission to redefine decentralized trading.
by DEXWireNews
Drift targets for accumulationDrift listed with much better metrics than many other new coins after air drops! 17% unlocked and less than 100m market cap at this current circulation supply Based on IAP model im waiting 2 scenarios! Targets showed and explained why exactly this targets in educational IAP post Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Short
by Crypto4light
3