#SNEK Technical Analysis
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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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.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
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.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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