This altcoin could be the dark horse of this market cycle 🐎💹
The entire crypto market is pulling back. This is the perfect time to look for undervalued opportunities while Bitcoin is in a correction. I’ve always thought this altcoin had a lot of potential this cycle: $牛来
I’ve been telling everyone to reduce their positions or even exit completely since it was at 0.14. If you saw my post and followed my advice, you’ve already avoided a 65% drop. Now that it’s at 0.07, I’m back to say it’s worth keeping an eye on ✌
Here’s why 👇:
① The phrase “Bull Is Coming” isn’t just from that movie. In the crypto market, any rise gets people saying “the bull is coming.” It’s catchy and suggests the market is turning around. With a phrase that spreads easily and market momentum behind it, the price could naturally rise along with the tide.
② On the daily chart, it fell to a low of 0.049 this cycle and has now rebounded to 0.074—a 50% recovery. Compare that with other altcoins: their rebounds have been much smaller, with very weak momentum. This suggests there’s buying support for this token at lower levels, and many investors are optimistic about its upcoming consolidation and direction.
③ On the weekly chart, this level is forming a single bottom. If it fails to break above and hold 0.077, it could form a second bottom on the weekly chart. This would also align with the daily chart: after completing its move, it could make another downward leg, form a bullish divergence, and ultimately push higher.
So, to sum up, I personally think that at this level, it could be worth entering during the next downward leg ✔️
For reference only. If you agree with my analysis, please give it a like 👍🏻
The entire crypto market is pulling back. This is the perfect time to look for undervalued opportunities while Bitcoin is in a correction. I’ve always thought this altcoin had a lot of potential this cycle: $牛来
I’ve been telling everyone to reduce their positions or even exit completely since it was at 0.14. If you saw my post and followed my advice, you’ve already avoided a 65% drop. Now that it’s at 0.07, I’m back to say it’s worth keeping an eye on ✌
Here’s why 👇:
① The phrase “Bull Is Coming” isn’t just from that movie. In the crypto market, any rise gets people saying “the bull is coming.” It’s catchy and suggests the market is turning around. With a phrase that spreads easily and market momentum behind it, the price could naturally rise along with the tide.
② On the daily chart, it fell to a low of 0.049 this cycle and has now rebounded to 0.074—a 50% recovery. Compare that with other altcoins: their rebounds have been much smaller, with very weak momentum. This suggests there’s buying support for this token at lower levels, and many investors are optimistic about its upcoming consolidation and direction.
③ On the weekly chart, this level is forming a single bottom. If it fails to break above and hold 0.077, it could form a second bottom on the weekly chart. This would also align with the daily chart: after completing its move, it could make another downward leg, form a bullish divergence, and ultimately push higher.
So, to sum up, I personally think that at this level, it could be worth entering during the next downward leg ✔️
For reference only. If you agree with my analysis, please give it a like 👍🏻
