In this post, I'll be going over one of the more undervalued coins, Raydium.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Applying technical analysis in this chart is rather difficult as there isn't enough price action.
- However, the setup looks almost identical to other coins like sushi and uniswap that have grown over 10x since their initial breakout
- This coin is also one of SBF's coins. Other SBF coins include Solana (SOL), Sushi Swap (SUSHI), Ren (REN), and Serun (SRM).
- Besides Serum, all other coins' market caps are in the billions range.
- Raydium's market cap is at a mere $107m.
- We have broken out of the descending trend line resistance, and with the entire market being extremely bullish, a move towards the 1.618 fib resistance at $20 seems reasonable.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Applying technical analysis in this chart is rather difficult as there isn't enough price action.
- However, the setup looks almost identical to other coins like sushi and uniswap that have grown over 10x since their initial breakout
- This coin is also one of SBF's coins. Other SBF coins include Solana (SOL), Sushi Swap (SUSHI), Ren (REN), and Serun (SRM).
- Besides Serum, all other coins' market caps are in the billions range.
- Raydium's market cap is at a mere $107m.
- We have broken out of the descending trend line resistance, and with the entire market being extremely bullish, a move towards the 1.618 fib resistance at $20 seems reasonable.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.