Although average retail traders are making use of low volume as an excuse to quit, a methodical, silent reset is slowly forming that signals a fundamental market restructuring. This setup could clearly lead to the end for bears as momentum steadily builds underneath the surface.
Cheeky Crypto stated that this is not a funeral for the bears. Rather, it is a coiled spring prepared for a massive move. Adding to this trend is the rising interest in the altcoin among institutional investors, which would play a key role in triggering a move to the $1.80 zone.
A Historical 700% Move Incoming For The Altcoin?According to the expert, the altcoin is currently sitting at a critical level that triggered a leg up of over 700% the last time. At the same time, the Moving Average Convergence Divergence (MACD) has done a deep Golden Cross, a setup that is primed for an expansion.
Should the trend repeat, the goal is slightly below $5, which would represent a 240% increase. “If you’ve been waiting, you’re about to get rewarded,” CoinForge added, while urging investors to remain patient.
