The coin has experienced a massive price explosion (Pump), skyrocketing from 0.01 to nearly 0.14. It's currently in a "sideways correction" leaning slightly down. The current price is hovering around 0.088 after losing about 15-16% of its value in the last 24 hours. Liquidity is still present, but buying momentum has started to cool off, indicating we’re waiting for a test of strong support levels before any new breakout.
Potential price targets
• First target: 0.1080 (close to the psychological resistance zone and testing the previous peak before the recent drop).
• Second target: 0.1350 (aiming for the liquidity zone at the highest wick in the chart).
• Strategic target: 0.1800 (in case of massive liquidity influx and breaking the current historical peak).
Expected timeframe
• First target: within 24 - 72 hours (depends on maintaining support at 0.085).
• Second target: within a week to 10 days.
• Strategic target: within 3 to 4 weeks (medium range).
Controversial scenarios
• Positive scenario: breaking the 0.1100 level and holding above it with a 4-hour candlestick opens the door for a significant leap towards 0.1500 directly.
• Cautious scenario: current volatility requires monitoring key support zones at 0.0800 and 0.0720. Breaking these zones means a return to old accumulation areas.
Buy and sell zones
• Buy: the current entry around 0.088 is considered a "calculated risk," but the ideal accumulation zone is between 0.082 - 0.078.
• Sell: partial profit-taking at 0.105, and full sell at 0.130 to secure the portfolio.
Golden advice for traders
"Don't chase long green candles; the coin is in a sharp volatility phase. Enter with a dollar-cost averaging (DCA) strategy and don't put your entire capital in one trade, and set a stop loss below the 0.075 area immediately because breaking it means free fall."
What will happen in the coming days?
We expect continued sideways volatility between 0.085 and 0.095 to absorb the selling pressure from profit-taking by those who bought at the bottom. If the support holds, we will see a serious attempt to break the 0.10 barrier by mid-next week.
