RION Trend Analysis

Strong Support $0.596 | 7-day low, pullback bottom

Secondary Support $0.65-0.70 | Fibonacci 38.2% retracement level

Recent Resistance $0.926

7-day +44.35% increase, currently showing a strong upward trend

Recommended Entry Timing: August 12-14, current price range $0.83-0.87

Target Price: $1.00

Stop Loss Setting: $0.75

Position Management: Build positions in batches, 40%+30%+30%

Recent Activity:

August 16: Trading King competition ends, $100k prize pool distribution

August 22: Staking Phase 1 ends, new milestone unlocked

Late August: Season-2 DRIPs incentive program launches

Selling Pressure Risk: 20% team allocation and 8.1% investor allocation may lead to unlock selling pressure

Competition Risk: Increased competition from other Layer 1 DEXs

Market Dependence: Highly dependent on the overall development of the Aptos ecosystem

*Investment involves risks, the above analysis is for reference only, please make investment decisions based on your own risk tolerance*