There has been a surge in interest and trading volume for Vote Inu, leading traders to question whether it is time to buy or sell. The technical analysis suggests a retracement is likely, but there are also several events and catalysts that could affect the price, including a gift giveaway and a trade listing on CX Trader. The marketing team for Vote Inu has been active in building a community and there are several bonuses available to incentivize trading and community engagement. The macro side of the market, including Bitcoin and US 30, is also important to consider when analyzing Vote Inu.
The Current State of Vote Inu
Vote Inu is currently experiencing a surge in volume, boasting almost five million in volume within the last 24 hours. This increase in interest may lead one to ponder whether now is the time to invest or withdraw. In this article, we will delve into the technical analysis of Vote Inu, potential price fluctuations, upcoming events, and bonuses.
Earlier this year, we predicted the top for Vote Inu, and it indeed occurred, causing a significant decline in its price. However, we witnessed a recent sharp rise from October to November, with a bull flag pattern emerging, allowing traders to discern a higher high breakout. We anticipate a retracement in the not-too-distant future, and our optimism remains contingent on the perceived legitimacy of said retracement.
There are a few vital catalysts that buyers are currently awaiting, such as gifts happening on Sunday, December 12th, at 4 pm Eastern Time. The buy the rumor, sell the news situation remains commonplace, and caution is advised as coinmarket has warned of potential dangers associated with modifying their smart contract.
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We are keenly observing the macro side, though we do anticipate a minor bump in prices. Our current long position is bent, with a pump expected above its current point, and our second long position is lit, which we are monitoring closely.
Bitcoin and Market Open
Lastly, it is crucial to consider Bitcoin’s influence on the market, and it remains in the red for the day. While it would be ideal to sell Bitcoin at around 18,500, we do not see that happening, and our primary concern is minimizing losses. All news right now is connected to Sam Bankman-Fried and the SEC, who have pressed eight charges against him. Nonetheless, we remain optimistic about Vote Inu’s future.