CFG, last retest before the riseCFG/USDT (Centrifuge)
Sector: RWA
Market Cap: $260M
Centrifuge is a platform for tokenized real-world assets on-chain. The token was launched at the end of 2021.
On the chart, we can see that the price of the token fell sharply after its release, probably due to the fact that it was the end of the previous Bull Market. However, we began to consolidate as early as February 2022, for almost 2 years before a first rise and breakout of the range at the end of 2023.
We are now testing, for the 3rd time as support, the zone that was a resistance throughout the Bear Market. The price location is therefore rather optimal for starting a DCA if you think that this project is, which has not yet experienced a Bull Market, cam stand out from the other altcoins.
We could briefly go below this zone to liquidate and make as many participants quit as possible, so avoid leverage and buy in spot.
