PAALUSD trade ideas
Back to the .618 By EOY?After the potential ASI merger became breaking news, PAAL saw a 66% drop from .34 to .11. Since PAAL’s withdrawal from the merger on November 13th, the price has steadily climbed back to .34, reviving the confidence of its investors. As of December 1st, the price has touched .35.
Part of the reason PAAL has seen such a strong trend reversal is due to boosts in revenue sharing and token buybacks. Both of these actions distributed $1 million to stakeholders earning interest on their tokens. This action gave stakers extra revenue for their staking periods, most of which was injected back into the token, pushing it further to the upside.
PAAL peaked at .86 cents in March of 2024, then established a base of candle bottoms around .12 cents. When drawing a Fibonacci Retracement with the peak being .86 and the bottom being .12, PAAL has already blown by .236 at .299 cents after gaining 104% this week. The next level is .382 at .41 cents.
With investor relations being restored, revenue-boosting for stakers, and breaking the .236 Fibonacci level in a small timeframe, I believe PAAL can reach .618 (.58 cents) by the end of the year.
$PAAL Consolidation - Almost CompleteIt looks to me like the $PAAL token is bottomed out, and looks primed to continue ascending up!
$200m market cap right now, topped out at $600m before. If BTC gets and holds new ATHs alts will be sending-- get into your overlooked alts right now and prepare for takeoff :)
nfa dyor
LOOK TO BUY INTO PAALPAAL/USD 1W - As you all know I do not tend to trade crypto very much with me being a forex trader but I know that some of you trade and invest in crypto.
I have gone ahead and looked over this pair and can see that price has recently traded us down and into an area of Demand, we are now seeing price trade us higher after penetrating this area which is great.
I would love to see price continue to trade us higher now, in order for us to have further confirmation of bullishness we want to see a fractal break to the upside this suggesting that the bearish move trading us lower has finished and the new leg higher is ready.
A potential trade that could have been placed on this market may have looked something like the above, there is still time to buy into this its just important you seek confirmation yourself to buy.