If the altseason kicks off this month, web3 tokens will definitely get a head start! So should you invest in one of the web3 top gainers? 🤔 Read more to find out! 👇 By CMCAlexandria Author: TraderScarpa Editor: YousraAASheikh
is built on top of Ethereum . With market participants having a more risk-on approach to the market, it is good to look for the next generation of high-potential altcoins. OCEAN could easily be one of them. With the price moving more than 30% in the last two weeks, it is clear that there is significant buying interest in the token. Let’s jump into the charts and see what OCEAN looks like.OCEAN is still in a 1-day downtrend.
If the price does get rejected from the supply zone, it will likely move into the range of 0.24 and 0.4. It is therefore advised to be careful when placing stop losses. The token has been in a macro downtrend for a while. If it breaks out, the move will be explosive. However, if the price does get rejected, 92 sats would be a good point to bid. This is because there is a clear demand zone at this level.Although OCEAN/ETH has been in a clear downtrend for more than a year, it is clear that buyers are starting to accumulate the token at this point. The price has been consolidating in the same range for more than 10 months. If it can expand above 0.
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