Fundamental information
• Current price: $0.1958
• Market capitalization: $452,167,621 (Ranked 248)
• 24h trading volume: $228,104,085
• Highest price in 24h: $0.1967
• Lowest price in 24h: $0.1716
• Price change in 24h: +$0.0178 (+10.02%)
• Circulating supply: 2,310,416,665 ALT
• Total supply: 10,000,000,000 ALT
• All-time high price (ATH): $0.6767 (Down -70.98%, on 28/03/2024)
• All-time low price (ATL): $0.0681 (Up +188.54%, on 05/08/2024)
Trend analysis
1. Recent growth:
• Price increased significantly in the past 24 hours (+10.02%), reflecting positive market sentiment.
• The price is currently near the highest level in 24 hours, indicating high buying pressure.
2. Support and resistance:
• Nearest support: $0.1716 (lowest price zone in 24h).
• Nearest resistance: $0.1967 (highest price in 24h).
• Long-term resistance: $0.220 (target if the uptrend is strong).
3. Trading volume:
• Large trading volume ($228M) indicates high liquidity and significant market interest.
Trading strategy
a. If the uptrend continues
1. Entry point (Buy):
• When the price exceeds $0.1970 with increased trading volume.
2. Take profit:
• Target 1: $0.210 (up nearly 7% from the current price).
• Target 2: $0.220 (up nearly 12% from the current price).
3. Stop loss:
• Set at $0.190 to limit risk.
b. If the price corrects
1. Entry point (Buy):
• When the price drops to the support zone of $0.175 - $0.180.
2. Take profit:
• Target 1: $0.195.
• Target 2: $0.205.
3. Stop loss:
• Set at $0.170 to protect capital.
Technical indicator analysis
1. RSI (Relative Strength Index):
• If RSI is near the 70+ zone, the market may be overbought; need to monitor reversal signals.
2. MACD (Moving Average Convergence Divergence):
• If MACD crosses above the signal line, confirms bullish momentum.
3. Bollinger Bands:
• If the price breaks above the upper band, confirms strong buying pressure.
Summary of recommendations
• Main strategy:
• Buy when the price breaks above $0.1970 or when the price adjusts to $0.175 - $0.180.
• Price target:
• Short term: $0.210 - $0.220.
• Mid-term: Monitor the ability to reach the long-term resistance level of $0.250.
• Risk management:
• Stop loss at $0.190 or $0.170 depending on the entry point.
