VEIL, undervalued DEXVEIL/USDT (Veil Exchange)
Sector: Decentralized Exchange
Market Cap: $1.7M
Veil Exchange is a decentralized cryptocurrency exchange platform allowing to trade over 100 cryptos and placing privacy at the center of the project.
The token was launched in November 2023 and generated a lot of interest in February before exploding upwards. We are back on interesting levels and the price has been able to find and form a horizontal support that allows the price to lateralize.
The location could be perfect to try a trade or open a first spot position to play a potential rebound to the top of the range. Although this remains a risky trade because the capitalization is very small and the market is uncertain, the project is probably undervalued right now. You can place a Stop Loss below the support if you don't want to hold the tokens for several weeks in case of a fall.
