Acala Token ( $ACA ).
It is considered a long-term investment currency.
By watching the monthly currency frame, we find that the currency was in a sideways trend stage (a stage of currency accumulation, and in very large quantities). The accumulation began in June of last year 2023 AD. As for the current month (November 2024 AD), we find that the largest number of the currency has been accumulated since its history.
Also, when focusing on the current currency bottom, it may have closed at a level greater than the previous bottom, as shown in the monthly frame - closer.
We find that the currency has risen this month by more than 200%, and this is an excellent indication that the currency will continue to rise.
As for the weekly frame, we find that it has only started to rise two weeks ago, and noticeably.
As for the (4) four-hour frame, we find that each bottom is considered higher than the bottom before it.
Our expectations for the currency:
By watching the currency movement on the frame, we expect that the currency will rise over the coming days, God willing. It is now considered excellent for buying and storing, and placing sell orders at the expected points that the currency will reach, God willing.
The expected points for the currency to rise from its current price ($0.1) to higher levels are as follows:
- The first point: at a price of ($0.14), i.e. up to (50%).
- The second point: at a price of ($0.17), i.e. at a rate of up to (140%).
- The third point: at a price of ($0.22), i.e. at a rate of up to (220%).
Note: Our analyses are not recommendations, but rather analyses based on the reality of currency movement.
We ask God Almighty for success for all.
#MarketDownturn #MemeWatch2024 #ANALYSIS #OM #SUI
