Key Metrics Overview:

  • Current Price: $0.4202

  • Market Cap: $326.73M

  • Volume (24h): $65.36M (representing a 62.57% increase)

  • Fully Diluted Valuation (FDV): $836.96M

  • Circulating Supply: 777.57M ID

  • Max Supply: 2B ID

  • Price Performance:

    • 1D: +7.57%

    • 7D: +13.78%

    • 1M: +10.51%

  • All-Time High: $1.83 (down 77.12%)

  • All-Time Low: $0.1713 (up 144.33%)

Trading Suggestions:

  1. Positive Momentum (Short-Term):

    • The token has gained 7.57% in 1 day and 13.78% over the last 7 days, indicating strong short-term momentum.

    • Volume surge of 62.57% in the past 24 hours shows increased trading activity. This often suggests increased interest and volatility, which can create opportunities for swing trades.

  2. All-Time High and Low Context:

    • The token is currently down 77.12% from its all-time high of $1.83 (March 2024), which could signal a long-term undervaluation. This could attract long-term investors looking for a recovery.

    • The price has gained 144.33% from its all-time low ($0.1713 in October 2023), indicating a solid rebound and potential continued upward trend.

  3. Vol/Mkt Cap Ratio:

    • The Vol/Mkt Cap (24h) ratio of 20.09% suggests healthy liquidity, meaning there’s significant trading activity compared to the overall market cap. This can reduce slippage, making the asset more attractive for active traders.

  4. Risk of Resistance Levels:

    • The token’s recent high of $0.4326 (24h high) may act as resistance in the short term. If it breaks this level, there could be further upward movement, potentially toward the next psychological level of $0.50.

  5. Support Consideration:

    • If the price retraces, the recent low of $0.385 could serve as a support level. If breached, there might be room for further declines. Consider placing stop-loss orders near this support level to manage downside risk.

  6. Long-Term Perspective:

    • With the max supply fixed at 2B ID and a circulating supply of 777.57M, this token is still relatively early in its issuance, which may lead to future inflationary pressure as more tokens are unlocked.

    • However, its current market cap of $326.73M and FDV of $836.96M suggest there’s still significant room for growth, especially if the project shows continued development and adoption.

Trading Strategies:

  • Swing Trade: If you are a short-term trader, consider buying on dips and selling near resistance levels ($0.4326). Monitor volume and price action closely.

  • Long-Term Hold: If you believe in the project fundamentals and future potential, this could be an opportunity to accumulate at a discount (down 77% from ATH) with the expectation of future growth.

  • Risk Management: Place stop-loss orders near $0.385 to protect against potential downside, especially if there’s a broader market correction.

Would you like more specific information on the project behind this token $ID to better assess its long-term potential?

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