- Airgo -Crypto broke from a falling wig pattern that the price had limited in the past week.
- Price tried to break above $ 0.211, which could lead to a movement to $ 0.25, $ 0.336 and ultimately $ 0.50.
Airgo [AERGO] I experienced a profit of 30% in the last day, which coincided with an increase of 538% in the daily trade volume that clocked around $ 363 million, according to Mint market cap facts.
Airgo price action and prediction
Looking at the price analysis of Airgo Crypto, the Altcoin Surge came after his outbreak of his a week -falling wig pattern.
The price reached the $ 0.150 zone during its descent before it broke out of the falling trend channel, despite continuous pressure of resistance levels.
Airgo, however, was confronted with resistance at $ 0.211, while this area showed temporary barriers in the upper region.
A valid close above $ 0.211 would enable Airgo to continue to $ 0.25 and at the same time offer the possibility to reach the previously investigated $ 0.336 level before the wedge pattern was formed.
The complete bullish potential would reach up to $ 0.50, which was determined as the starting point of the previous substantial market for the market.
A flip of $ 0.50 could possibly lead to a new ATH.
Source: TradingView
If the Bullish Momentum does not have the position above $ 0.211, the price can challenge the breakout resistance area near $ 0.16.
The bears that are in control can push the Airgo under $ 0.16 and thus break the bullish wedge structure.
Naturally favored in the short term proponents. On the 4-hour graph the MacD showed a bullish crossover, while his histogram strong positive measurements pressed the upward pressure.
For now, retaining above $ 0.211 is critical. A failed outbreak can reverse the profits and reverse the movement movement.
Liquidity levels and Spot Netflow
Analysis of the chain chain revealed that $ 198.10k in liquidations could occur between $ 0.21 and $ 0.22-what stimulates a heavy lever concentration on that reach.
The liquidation area extended on a large scale, where less than $ 0.20 had its concentrated density up to $ 0.18. The price of more than $ 0.22 could force liquidations of short positions that could rise the market.
As an alternative, a price decrease under $ 0.20 long -seed liquidations would start that could push the direction of the Altcoin to the level of $ 0.18.
Source: Coinglass
This setup created a volatility cluster on important support and resistance levels, which strengthens the market reaction within those zones.
Spot market behavior refers to Bullish Bias
In the meantime, recent data in the Airgo Spot Inflow/Outflow graph indicated a positive Netflow of Overflow compared to outflows that were more than $ 400k.
This accumulation behavior gave the growing market price momentum at the level of $ 0.20.
Netflow that became positive indicated potential buyers’ interests that reduced the exchange rates and at the same time promoted the price rating.
On the other hand, a nail in the inflow into the stock markets may make the win.
Credit : ambcrypto.com
