Back to the .618 By EOY?After the potential ASI merger became breaking news, PAAL saw a 66% drop from .34 to .11. Since PAAL’s withdrawal from the merger on November 13th, the price has steadily climbed back to .34, reviving the confidence of its investors. As of December 1st, the price has touched .35.
Part of the reason PAAL has seen such a strong trend reversal is due to boosts in revenue sharing and token buybacks. Both of these actions distributed $1 million to stakeholders earning interest on their tokens. This action gave stakers extra revenue for their staking periods, most of which was injected back into the token, pushing it further to the upside.
PAAL peaked at .86 cents in March of 2024, then established a base of candle bottoms around .12 cents. When drawing a Fibonacci Retracement with the peak being .86 and the bottom being .12, PAAL has already blown by .236 at .299 cents after gaining 104% this week. The next level is .382 at .41 cents.
With investor relations being restored, revenue-boosting for stakers, and breaking the .236 Fibonacci level in a small timeframe, I believe PAAL can reach .618 (.58 cents) by the end of the year.
