$NIL has fallen so much from its previous levels, but look at what it’s doing now ...
It has already made a nice move, and after that, the price has slowed down and started building support here. I’m keeping an eye on this area because if buyers come back with strong momentum, NIL could be preparing for another move upward.
$0.30 is the first level I’m watching for a breakout.
The interesting part is the liquidity sitting above. There are plenty of short traders up there, and if $NIL starts moving strongly, it could hunt that liquidity just like $IRYS did. If the momentum really builds, even a spike toward $0.60 or $1 could be possible just like $IRYS .
It has already made a nice move, and after that, the price has slowed down and started building support here. I’m keeping an eye on this area because if buyers come back with strong momentum, NIL could be preparing for another move upward.
$0.30 is the first level I’m watching for a breakout.
The interesting part is the liquidity sitting above. There are plenty of short traders up there, and if $NIL starts moving strongly, it could hunt that liquidity just like $IRYS did. If the momentum really builds, even a spike toward $0.60 or $1 could be possible just like $IRYS .