Acala creates a level of liquidity for Web3 financing that is dependent and sustainable. Its goal is to provide infrastructure for DeFi + CeFi solutions using cryptocurrencies and real assets. Acala offers a one-stop asset hub that hosts multi-chain liquid staking protocols LST, a decentralized AMM exchange, and an EVM-compatible application platform. Acala is secured by Polkadot $DOT and is the liquidity gateway for Polkadot parachains and L1/L2 blockchains.
🛠 What about technical analysis?
The coin was listed on major exchanges during the height of the 2022 bear market. From historical highs, the coin was lost by -99%. Starting from May 2023 A large volume began to enter the coin. On the weekly time frame, the RSI has already entered the overbought zone (76). The risks of correction are high here, but the growth potential here is also great. The coin is already hot and could potentially bring a quick X. At the moment there are 2 strong support levels: $0.08 and $0.04 - these levels will only be tested in case of severe stress in the market. It makes no sense to place a stop on a trade, since it can be easily taken away. Enter into a trade with a reasonable size.
💼 Buying Acala for your average daily portfolio.
💼 Buying Acala for your average daily portfolio.
🔎 Ticker: $ACA
✳️ Entry price: $0.21
🛡Stop loss: it is better to take a deal without a stop in investment
💼 Volume per transaction: up to 2% of the crypto portfolio.
🎯 Objectives:
$0.42 (in the coming months);
$0.67 (until the end of September 2024)
$2.62 (until the end of 2024)
📈 Transaction growth potential: up to 1100%
A medium-term portfolio will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
