Hey traders! Artem here, ready to break down the price action of Atlas NAVI on the Daily timeframe. What could we be facing ahead? Let's explore not only the price chart but also what this unique project brings to the table.
What is Atlas NAVI ?
Atlas NAVI is the first-ever Drive-to-Earn navigation app that uses A.I. and your smartphone camera to avoid traffic by detecting road conditions like closures, accidents, and even available parking spaces! It also features licensed 3D NFT vehicles and rewards users for each mile driven.
Key Utilities of Atlas NAVI Token
Premium Features: Enjoy the navigation app free or access premium features with NAVI or fiat currency.
Drive-to-Earn Rewards: Earn rewards by driving, but you need to purchase vehicle NFTs using NAVI. As the supply of NAVI remains limited, its value is expected to rise post-listing.
Rewards in Miles: Points earned in the app can be exchanged for NAVI tokens, which can be used for vehicle upgrades, repairs, and maintenance.
Token Utility: NAVI tokens are essential for acquiring and maintaining NFTs, including upgrades, refueling, and repairs.
DAO Voting: NAVI holders can vote on new vehicle releases, feature development, and more.
Exclusive Offers from Vehicle Manufacturers: Hold the most NFTs of a brand? Expect invitations to test drives, experience days, and more — all paid in NAVI.
Smart City Data: Cities can purchase valuable A.I.-generated data using NAVI tokens.
Fleet Management Features: Corporate users can pay in NAVI for dispatching and fleet management solutions, already used by over 25,000 drivers globally.
Real-World Services: Pay for insurance, maintenance, and more with NAVI.
Price Analysis
Now onto the price action: Since mid-April 2024, the price of Atlas NAVI has been in a corrective move. But as of October 2024, we're seeing signs of a small breakout that could push the price above $0.18, with potential targets at $0.30.
Bullish Scenario: If buyers absorb the breakout, we could see the price climb above $0.30.
Bearish Scenario: A break below $0.12 could send the price down to the $0.065 - $0.10 support range, where we might see a reversal back to our initial targets.
Long-term Targets: In the case of a strong bull market, we could be looking at a surge above $0.49, with potential targets at $1.00 - $1.30. Definitely, one to watch for your portfolio!
💬 What Do You Think?
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Stay Tuned for More! Keep an eye out for updates on Atlas NAVI as we track its journey. Have a specific asset you want me to cover? Let me know in the comments!