Price action above the 200 day MA with the 50 day MA above the 200 day means that this is still technically a bull market. A recent buy signal on the MFI for the first time since last year, combined will Bullish divergence, as well as, a bullish cross on the stochastic RSI above the 80 could mean a rally is soon incoming. Short term, my target is 33 cents. Long term who knows? However, my gut is telling me we may be in for a surprise in the broader crypto market with recent buy signals on BTC and signs of second leg up being possible by the end of the year. Should it blow past my 33 cent target and hit another ATH then, 3.5 to 5 dollars is possible this year.
This is not financial advice. I am not your financial advisor.
This is not financial advice. I am not your financial advisor.