$DAR against USDT

it is clearly finding a fair value point, as it got quite a pump initially due to the hype surrounding metaverse tokens when it was launched on Binance.

You can infer that quite a few people got excited at first, FOMO-ing in and shooting the price up. This pump, unfortunately, was short-lived and, therefore, it is likely that there will be some long-term bag holders.

This is not an ideal situation because there is a possibility that as soon as the price will pump, bag holders will sell, suppressing the price. For a better understanding, we can take $DOGE as an example where the price pumped to around $0.7, however, it was also short-lived. And recently, whilst all dog coins were going parabolic, it did not deliver the same returns as anticipated by many.

However, DAR is much different due to the fact that its market cap is low at this point. Once the price finds its fair value point, buyers will start to accumulate.

I think that this fair value area could be around $1.85 to $2.43 because this is the range where the price was accumulated last time.

Therefore, it is possible that this area will turn out to be an accumulation zone again. The price will at least stay around this previous accumulation area for a bit. If you look at multiple charts, you will find that prices usually slow down in previous points of control as buyers and sellers try to agree on what fair value for the coin is.

There is a clear demand for the coin as visible in the chart where the support was successful at the $1.85 level.

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