Supra

This Supra chart is barely four months old, so it doesn't meet our criteria of at least 6 months for a technical analysis, but the project looks good and the chart is easy to read. I had a good feeling as soon as I opened the chart so let's look into it anyway. It is my pleasure to do these analysis for you.

There is a perfect downtrend on this SUPRAUSDT chart and this is always quite revealing. Knowing that a downtrend is present we know that at some point the market must change course. This point in time is now.

The All-Time Low came on 3-April. Notice how as soon as April starts volume starts to rise. This is the signal. Low prices, a new ATL and then suddenly, action. Whales are buying.

This increase in trading volume reveals that a support level has been found and is being established. Looking at the rest of the market, we know that this support will hold and a reversal comes next. Also, trading volume continues to rise and the candles are now turning green. This is positive, this is bullish. There is good potential for growth.

That's it. It is a young chart so there isn't much more.

The downtrend will lead to sideways. Sideways lead to bullish growth.

Many targets can be seen mapped on the chart based on Fibonacci proportions. Growth potential goes beyond 3,000% or more for the 2025 ATH. Truly, impossible to tell. This pair/project might grow 5,000%, 10,000% or who knows. When new projects are launch preceding a bull market, anything goes.

Here I am mapping some short-term targets. You take care of the rest.
This project is likely to grow really strong in the coming months.

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Supra, the Layer-1 blockchain project, has officially announced the launch of SupraNova on the Ethereum mainnet, marking a major milestone in its roadmap. According to Foresight News, the announcement came via the project’s official tweet, highlighting the platform’s vision of expanding cross-chain functionality while simplifying user experience.
With this launch, users can now transfer ETH and USDC directly from the Ethereum mainnet to the Supra mainnet without requiring traditional cross-chain transactions. This feature significantly enhances efficiency, reduces friction, and strengthens Supra’s position as a scalable and user-friendly blockchain solution.
Looking ahead, Supra revealed plans to extend support for additional blockchains, with BNB Chain expected to be among the first in line. By broadening its chain compatibility, SupraNova is positioning itself as a central hub for interoperability and liquidity, offering developers and users a seamless way to interact across ecosystems.
The launch reflects Supra’s commitment to bridging gaps between leading blockchain networks, empowering users with faster transfers, greater security, and a more intuitive DeFi experience. As the multi-chain future of Web3 takes shape, SupraNova’s entry onto Ethereum is a clear signal that Supra is ready to compete at the highest level of blockchain innovation.
#SUPRA #Ethereum #SupraNova $ETH $USDC