This is only a personal idea based on my very limited knowledge, please do your own research and analysis.
I have considered both fundamental and technical analysis. SFP(Safepal) has a great fundamental basis and I can actually see people using it more and more in the future, it has a relatively low market cap, so there is a great potential for future growth. Technical-wise, as we can see on the chart, the price has touched the bottom of the trendline, perfect entry can be above 3. We can see a bullish cross on Stoch RSI Daily. Possible targets for short-term traders could be 3.45-3.9 and ATH 4.45. Personally, I can see a bigger target in long term.
Thank you for reading my opinion,
Happy trading
I have considered both fundamental and technical analysis. SFP(Safepal) has a great fundamental basis and I can actually see people using it more and more in the future, it has a relatively low market cap, so there is a great potential for future growth. Technical-wise, as we can see on the chart, the price has touched the bottom of the trendline, perfect entry can be above 3. We can see a bullish cross on Stoch RSI Daily. Possible targets for short-term traders could be 3.45-3.9 and ATH 4.45. Personally, I can see a bigger target in long term.
Thank you for reading my opinion,
Happy trading
Kommentera:
As predicted SFP reached its first target today, 2 weeks after I published this analysis, 3.45. Of course, BTC moving up has played a big role here, since SFP so far has shown a strong correlation with BTC movement.