• • Increased by 84% from $0.599 to a peak of $0.990 before settling at $0.830

  • • Technical indicators suggest continued upward momentum following the bullish crossover on August 10

  • • The price is currently trading in a range above the important support level of $0.77

  • • Direct challenge: break through the psychological resistance level of $1.00

Technical Fundamentals

  • • First-party solutions gain momentum with increasing demand for infrastructure

  • • Expanding the ecosystem with improved cross-chain compatibility contributes to increased adoption

  • • Technical developments are directly linked to positive price movement

  • • Increased volatility indicates repositioning of traders for potential additional highs

Price Forecast

  • • CoinCodex forecasts reaching $0.966 by March 2026

  • • DigitalCoinPrice forecasts a long-term target of $2.88 by 2027

  • • WalletInvestor's minimum target for 2025 is set at $0.744

  • • Binance community discussions are centered around the possibility of the price reaching $3.00 in 2025

Trading Strategy

  • • Monitor volume patterns during pullbacks to identify accumulation

  • • Pay attention to the trading pattern above $0.80 with strong inflows as confirmation of upward momentum

  • • Consider strategic entry points at support levels to ensure favorable risk-reward setups

  • • Implement stop-loss orders below the $0.77 level to protect positions from sudden shifts