BAO has finally broken out of the 9 month trend and seems to be forming somewhat of a bull flag which is a bullish TA pattern.
Fundamentally we still have a majority of APPROVAL votes for BIP-6 which is healthy for the price of BAO with 2 days let until this closes.
Risks for BAO price
-A whale with huge voting power can swing BIP-6 to be Denied (Alameda...
As of a few hours ago we have seen an announcement from Baoman stating what is coming up with the proposed changes and updates to the roadmap.
Here is a link to the post on their website:
gov.bao.finance
Points I will point out is:
-Looking at delaying unlock of the locked BAO from December to 6 months after HArd Synths and veBAO have been released. Expected to...
There is a lot of negativity in the BAO discord about the dilution effect that is coming when BAO is unlocked from LP rewards and the recent drop in price to below 0.0003 especially while you have tokens like SHIB and many other pumping.
One thing that you notice with markets is that they have the known future events priced in as people try and get ahead of their...
BAO is a low cap coin that has great fundamentals. They are in the works for releasing on Polygon franchise and testing of soft synthetics on Polygon (as stated in their discord chats).
TA: If we break above this trendline (in green) I believe this will excite the community and create buying pressure which will be great for trading.
Things to note:
All crypto is...
