#SNEK Technical Analysis

16 JulHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

SNEK is a deflationary memecoin launched on Cardano. It is the most traded token on Cardano and a unifying force within the ecosystem.

Recently, SNEK showed a decent rally of 64% from the support trendline and is currently facing resistance at $0.001126.

If SNEK successfully breaks above this resistance, a further bullish scenario will likely expected. A rejection will provide a good opportunity to accumulate SNEK at the bottom.

- Important Resistance: $0.001126.
- Support/Accumulation: $0.00078 to $0.00088.
- Invalidation Point: A breakdown below the support level.

DYOR, NFA.

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