📊 Current Price and Recent Movements
Current Price: Around $1.60
Highest Price of the Day: $1.72
Lowest Price of the Day: $1.40
The currency has experienced a strong increase in the last 24 hours of more than 26%, reaching its all-time high of $1.72.
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📈 Technical Analysis
Strong Support: At $1.18, if the price drops below it, we might see a larger decline.
Resistance: At $1.70, if the price breaks it, it might continue to rise.
Technical Indicators: There is a clear upward trend, and the RSI is not oversold, meaning there is still room for an increase.
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🧠 Fundamental Analysis
The currency is supported by zero-knowledge proofs (ZKPs), which enhance security and privacy in the blockchain.
Its mainnet was launched a few days ago, which has increased interest in it.
There is high trading volume on platforms like Binance and Upbit.
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✅ Should You Enter Now?
If you intend to enter: You can enter now, but be mindful of $1.70, if the price breaks it, it might continue to rise.
If you're unsure: You might wait until the price drops below $1.40 to enter more safely.