Smart Layer Network Upside

11月18日

With a decline of about 90% since launch, SLN has an extremely high chance of upside in the current market conditions. The project has a rather active community on discord and X, and is developing a new was to use tokens - Tapps - in an interactive manner on social platforms. They aim it to be a mainstream friendly use of tokens, and seem to have a good roadmap planned, including many partnerships and new listings like Binance.

Furthermore, the chart has likely formed a cup and handle pattern seemingly ready for an imminent breakout once volume comes in.

Any entry under $0.3 seems good, and upside potential is between $0.8 and $3.00, with an ATH above $6.00.

Current MCAP, even fully diluted, seems low for such a project and their community size.

昨天

交易進行

So far so good - SLN has been holding a solid support in the 0.2-0.25 range. A few wicks up tested the waters and likely hit stops. Expecting a move up to 0.5-0.7 next, with a consolidation there before moving up to the previous support level around 1.7-2.