Here’s a great looking chart to keep on your watchlist.

Something I find very interesting about this is how it closed really high after it’s amazing run up on launchpad day, unlike others where it went down hard immediately. The next day, it tried to attack the high again and somewhat maintained it, until the third day after launch where price started to decline and now reached a 90% drop. This makes me think it could reach these highs again in the (really) long run.

If it were to test the 0,618 fib, it would give us a 7x from current prices. Even if it just tested the 0,382 level, it would mean nearly a 5x. Of course, these would be true if it did bottom out already. There’s a big possibility that it will drop at least once more, given the crypto market’s current state and BTC’s uncertainty.

I’ve been watching the downward pressure get smaller and smaller, with every wave getting weaker as it’s been mentioned here before. In my opinion it could spike very, very hard or at least stabilize here before doing so.

The project itself is looking great, and considering others who got the launchpad treatment, it should increase in price any day now given it’s terrible drop. If you consider buying this, please do your own research about it and buy at whatever level you deem adequate.

This is not financial advice.