Crypto Analysis | Koin $1 Target
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Koin is gaining traction
This is especially easy to see when being on Twitter. The Koinos blockchain has now gained the attention of many bigger crypto influencers. Of course one shouldn't rely on something like social media to judge the quality of a project, but it is one of many factors that can tell us where a project is headed. Koinos is getting thousands of views on Twitter right now from posters that are discovering about this new blockchain:
https://twitter.com/GunRizgar/status/1668179492173410307
We have the first successful upgrade done on Koinos mainnet showing the benefits of the modular upgradability functionality:
https://twitter.com/ssgerbino/status/1668748623587471360?s=20
@andrarchy is giving us almost daily updates about what he thinks the crypto space is all about and is on a mission to onboard 100k users in the next 5 months (which is of course very ambitious)
https://twitter.com/andrarchy/status/1668719309940740096?s=20
And of course KoinDx is launching in just a few months giving the network its first DEX!
https://twitter.com/koindx/status/1667154550963290119?s=20
TA
The above impression should make it clear that this project is on 🔥 right now! Looking at the TA for Koin looks rather good as well. I think after a longer period of consolidation Koin is now ready to break to higher highs. My target is at $1.
We see many resistances (in orange) converging at the current levels (of which one has been overcome). The blue line is our support. Is it not too strong, but the black macro support is there as well. As long as price continues to climb and gradually or abruptly overcomes the resistances Koin should make a rather strong breakout. One can see that these breakouts have always been very decisive with high gains. Since we can connect the previous tops this gives us rather an obvious target for the next impulse wave:
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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