With a chart peppered with wild wicks and a long-term downtrend, that's been the talk of the town since May.
But here's where it gets interesting: USA is inching closer to a critical juncture.
Could we be on the brink of a breakout that sends shockwaves through the market?
- USA is a difficult chart to chart overall due to some crazy wicks.
- The coin has been in a long-term downtrend (long-term for memes) since the beginning of May. But price is starting to push closer towards the downtrend line where a squeeze and therefore a break out may eventually come.
- For now, price is battling at a key horizontal level at .015.
- If price can comfortably claim above .015, then .023, it would likely break out to .037. 037 is the next major horizontal resistance.
- Volumes have been slightly better in the last week, which is positive and supportive of higher prices. Substantial volumes are needed to see prices climb more drastically.
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. "One Glance" by Cryptonary sometimes uses the RR trading tool to help you quickly understand our analysis. These are not signals, and they are not financial advice.
Cryptonary's take
Overall, it's tricky to see what the narrative for USA is other than the US Presidential Elections in November. But then you have to ask yourself: Are you better off being in a play like TREMP, as that's more likely to react to election news? If price potentially pulls back to .008, then this play might be a high-risk/low-dollar punt. However, we would see it as a more risky play than TREMP, for example. But if you can get this at .008, and then price squeezes into the downtrend line, it might be worth a trade for a potential downtrend line breakout play.
USA SOL Price Chart Key Support Resistance Levels
What is American Coin (USA)?
American Coin (USA) is a unique token that represents a decentralized community centred around American themes and values. It aims to merge cultural identity with digital assets, creating a distinctive experience tied to U.S. elections and other national narratives.How to buy USA:
- Via Phantom Wallet:
- Deposit Solana tokens by copying your Phantom wallet address and transferring funds.
- Swap tokens within the wallet by selecting USA/SOL or USA/USDT pair, setting slippage tolerance, and confirming the swap.
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