Smart Layer Network Upside
Updated
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.
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.
Trade active
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.
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