I don't normally post Meme coin analyses. Especially new borns.
They are still finding their feet, there isn't enough data to go around for analyses.
But, there are signs of SUPER upside or a crash. Right now we are in the middle of it.
So, either the price breaks above the Neckline of the W FOrmation and heads to the first target of $115.00.
Or it turns into an M Formation and heads downhill to $0.00.
I think America will give the coin the benefit of the doubt, and will support Trump and what he is going to promise.
Such as 1. Keeping TikTok alive (Possible merger with META?) 2. Improving Government efficiency with Elon Musk. 3. Bringing Crypto more in the legal space and welcoming it with acceptance into office.
But we'll have to see. Hence, I am on the fence, but will stay bullish for I doubt the administration will allow the coin to go to $0.00.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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