$Umbra can really play out like this imo just need a bit of demand and break of structure (bullish). Good thing is 1. feel like this stage of the supply is heavy controlled 2. short term sellers are out and exhausted. So why I think chart could actually play out like this is because mainnet goes live early March (supposedly) and in this case it could create a little demand in this range box and once we get confirmed BOS think it just does a full send god candle because huge sell off beforehand + heavy demand at low prices will magnetise all the whales in. And let's be honest we know one day or another privacy meta will run properly


Reaccumulation phase soon here, might go a bit lower depending on macro market or maybe people want panic dump a bit more but the overall upside trend is coming.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)