If you are interested in the airdrop, go to the MetaMask browser and open the link provided below. Connect your wallet, and after connecting the wallet, enter the referral code 'CrockB'. Your wallet will automatically be selected for the airdrop. This is a long-term launch, and whenever it launches, the airdrop tokens will be credited to your wallet.
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Looking at the chart, the following analysis can be made:
$THE (DYOR NFA⚠️)
1. Trend: This is a 4-hour timeframe chart, and the price has recovered from the low of 1.0623. Currently, the price is at 1.6616, showing bullish momentum.
2. Resistance and Support:
Resistance: Around 1.8200 (24-hour high).
Support: Around 1.4205 (24-hour low).
3. Indicators:
STOCH RSI: It is around 57.07 and 71.31, indicating a neutral-to-overbought zone. The price may rise in the short term but could pull back if it becomes overbought.
Volume: The 24-hour trading volume is quite strong, indicating good liquidity.
4. Risk Analysis:
7-day performance: +36.09% (bullish sign).
30-day performance: -45.60% (indicating a downtrend).
Signal:
If the price breaks the resistance at 1.8200, it has the potential to move higher (breakout signal).
If the price falls below 1.4200, it could be a bearish signal (setting a stop loss is essential).
Investment Suggestion:
Short-term trade: If the bullish momentum seems strong, you can consider buying, but set a stop loss around 1.55.
Long-term: The overall trend of the chart is still unclear, so only invest a small amount and manage the risk carefully.
January 2025 might be bullish for the crypto market, but it depends on several factors, such as:
1. Market Sentiment: If investors are optimistic and putting money into major coins like Bitcoin and Ethereum, the market could turn bullish.
2. Macro-Economic Conditions: Global economic stability and declining inflation can support the crypto market.
3. Ethereum Network Updates: Any significant updates or positive developments in the Ethereum network could increase demand.
4. Bitcoin Halving Effect: Bitcoin's halving effect can influence altcoins, including Ethereum, potentially accelerating a bullish trend.
However, the crypto market is highly volatile. Negative news or regulatory changes could lead to a bearish trend instead. Always conduct your research and focus on risk management.