$ALPINE will break out? Which Way?
Updated
I FOMOed into ALPINE @8.33 during its recent upward move. I have been patiently waiting for it to consolidate within this channel and eventually break out.
As you can see, the channel now is between 6 and 8, with 7 being a critical resistance/support. Monitor which way it is breaking out and take a position accordingly.
As for fundamentals, ALPINE is different from other fan tokens because 1. it's a Binance token, and 2. its circulating supply is higher. Basically, the way it operates is distinct from most other fan tokens, so it can reasonably be expected to diverge from them. So far, it has diverged positively and I am putting my money on to the continuation of this. Its market cap currently is
80M, which is low. My target price is $25, but it can go much higher.
As you can see, the channel now is between 6 and 8, with 7 being a critical resistance/support. Monitor which way it is breaking out and take a position accordingly.
As for fundamentals, ALPINE is different from other fan tokens because 1. it's a Binance token, and 2. its circulating supply is higher. Basically, the way it operates is distinct from most other fan tokens, so it can reasonably be expected to diverge from them. So far, it has diverged positively and I am putting my money on to the continuation of this. Its market cap currently is
80M, which is low. My target price is $25, but it can go much higher. Trade active
It's amazing it still hasn't broken out in any direction :) maybe soonn...
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