$INS More Correction Coming? Take A Look At This...Insolar is a token with 50 mills total supply with 30,3 mills on the circulating. Ranked #258 on the coinmarketcap.com at the moment with $16,6 million market cap. Insolar is building an open-source enterprise-grade blockchain platform to enable seamless interactions between companies and new growth opportunities powered by distributed trust.
The Insolar platform is powered by blockchain as a service (BaaS) architecture. By putting enterprises on trusted, scalable and transparent networks, Insolar enables busines to slash costs and risks, to increase velocity and discover new revenue streams.
Insolar resolves the issues of individual systems, which results in agreed, immutable histories of interactions. Inter-company connections are automated and streamlined on a unified platform built on the everything-is-a-contract principle.
These information i get from their website insolar.io, you might wanna check them too to resonate what they are trying achieve on their vision.
It might be relevant as we're on transition, always on transition and we're actually needed tools that can analyze us which one revenue stream that can benefit us the most for our company. This niche quite acceptable.
Judging from technical analysis perspective that last the recent candles was having a long tail. As I draw the zone that needed to break out, it breakout but don't even hold for three days. I see this as a fail / fake breakout. INS in need more volume to push the price even higher.
For the target correction, i'm looking it will be @ 6640 level, just if, at the nearest support line @ 8410 don't hold.
You can put entry there and the latest entry should be around 5840-5400 sats range. The targets to sell are just following the fibonacci level right there. 8410 can turn out to be resistance if it breaks and our eyes @ 11400 for mid-term sell orders.
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