Feeling short term bearish on this with the oversold RSI and unchanging volume but if the trend breaks down here I'd expect it to hit that 10k level as the next major support
Long term I'm bullish on this though, the project seems solid and the idea of a digital identity system will definitely gain some traction in a real world application
Long term I'm bullish on this though, the project seems solid and the idea of a digital identity system will definitely gain some traction in a real world application
For holding I think its still going to descend to the blue 10.5k support level although you can make a falling wedge currently which is nearly at its end so it might be a tight squeeze to get an extra 10% off before this starts to rise.
Personally I'm waiting for the Coppock indicator to hit a lower level before buying in but that might make me miss this