$1000SATS to $0.1 this bull run. 💰💰
It's another gem in the BRC 20 category, with a low market cap and limited supply of less than 2.5T when compared to Shib, Pepe, Bonk and even Floki whose supply manages to stay in a single digit at just above 9T but still 4x higher than 1000SATS.
The limited supply and low market caps give SATS an upper hand when compared to its peers. The anonymous team behind SATS led it to the top 100 in the crypto industry and it seems the team is paying the right homage to the creator of digital gold of the modern world 🌎🌍
📈 Currently it broke out of its crucial resistance of $0.0005 and a closing above this level would confirm that this time it's not a fakeout .
📌 On the daily time frame, the chart is in a very good price action and a good time to bag some at the current price. But why? From the highs of $0.00082 in the last swing the support has been tested multiple times around $0.00048 followed by $0.00044. A very good indicator for entry in such areas is the Bollinger band.
📌As you can see in the chart, yesterday's candle closed just above $0.0005 and above the middle band (the middle line) as well. A closing above the middle band gives a formidable indication of trend reversal when price starts to move upward from the support areas.
So, the best time to enter would have been near yesterday's closing price but it's not too late to enter even now as this price is cheap.
📢 Let me know in the comments section, how many of you own SATS.
Remember, please #DYORAlways before taking any trade. This is my analysis based on the current situation.
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