Observing the elevated short positions and their coverage challenges, it appears that the x100 shorts are on the verge of liquidation at 2.8, which is imminent. This situation is likely leading to a buildup towards 4.44.
The frequency of token swaps is diminishing quickly. When it hits the 200 million mark, a significant upward movement is anticipated. The 15-day target is set at $0.489.
Most x100 shorts are short at 2.61....This will be easily breached as shorts are aggressively closing positions at 2.22.
2.55 in the next 3 hours.
Its 6.20 PM PST
A clear $10-12 in the long term
Not financial advice.
