đ Today we will talk a little about charts and see the results of our hypotheses
Let's start with Catizen, in the post on the replay he wrote about selling his tokens and leaving the project at a price of $1,047
đ As we can see, since then the price has fallen by -26.61%
The price failed to consolidate above $1 and not a single 4-hour candle closed above the $1.01 range, which is a sign of weakness in the asset and too much selling pressure.
đŹ Many people continue to prove and argue that the premarket price means nothing, but pay attention to what price values ââthe zone of interest has formed at the moment, it coincides with the values ââby which the project was assessed on the premarket
đŽEven if someone is sticking to a long-term holding strategy, these people have already received more than -26% of their capital depreciation from the proposed fixation point. By fixing and repurchasing tokens at current values, they could have significantly increased the number of assets they have
This is another clear confirmation that expectations must be consistent with the economic justification and the availability of funds for the project to maintain liquidity.
â ïžThe project can be valued at a billion or even 10 billion at the exit, but if there is no financial cushion, the capitalization will begin to deflate very quickly in search of fairer market values
At the moment, the range of $0.7285 is the key zone of interest. If it is broken, then the asset will go in search of a new bottom
The main sales control zone is $0.83, so the possibility of adequate growth will appear only after consolidation above this zone.
đ Until the price goes beyond the current range of 0.7285-0.83, it may remain in a jagged turbulence for a very long time
Personally, I am not interested in the asset and I am not particularly interested in its future. Even if a manipulative growth is carried out to plant it in the asset, again I believe that they will not be able to hold it at manipulative levels for too long.
$CATI
