I started to add to my Paricia Blockchain bagIn my previous post about KUCOIN:MPCUSDT , I mentioned my strong interest in this project and my intention to buy for at least a 3x profit. In a subsequent post, I plan to delve deeper into the project's fundamentals to better understand why it might be a worthwhile investment.
However, for this specific post, I will focus on its recent technical analysis.
The correction in the crypto market has not left Patricia indifferent; the coin has also dropped in line with the overall market.
In my view, this presents a potential opportunity to enter the market or engage in Dollar-Cost Averaging (DCA) if you're already invested.
As illustrated in the provided chart, after breaking below the 0.4 support level, the coin established a strong support at 0.3 and has since been trading within a defined range, with 0.3 serving as solid support and 0.35-0.36 acting as resistance.
At the time of writing, the price is hovering between these levels at 0.33.
In my opinion, buying during dips towards the support level would be advisable.
Alternatively, a breakthrough above the resistance level could signal an uptrend acceleration, presenting another potential buying opportunity.
My target price remains above $1.
