$RE this new coin is worth watching.
The daily chart has already seen two sharp sell-offs, with obvious support around 0.40, and it has now returned to around 0.45. Although the moving averages are still capping it and the trend has not fully strengthened yet, a bottoming pattern is gradually forming.
It is mainly about reinsurance RWA, connecting on-chain funds with traditional reinsurance, and the logic is relatively new as well.
At this level, you can first build a small starter position. Later, once volume expands and it breaks through the moving average resistance, this new coin could move up very quickly.
The daily chart has already seen two sharp sell-offs, with obvious support around 0.40, and it has now returned to around 0.45. Although the moving averages are still capping it and the trend has not fully strengthened yet, a bottoming pattern is gradually forming.
It is mainly about reinsurance RWA, connecting on-chain funds with traditional reinsurance, and the logic is relatively new as well.
At this level, you can first build a small starter position. Later, once volume expands and it breaks through the moving average resistance, this new coin could move up very quickly.
