Introduction
Predicting what the price action of any standard financial instrument will do is difficult in itself, but predicting the price that a cryptocurrency will reach is even more complex.
The truth is that predicting the next move that the crypto market will make is something that in the current context is on the mind of any trader and investor, and one of the reasons is because, the price of Bitcoin continues to move in search of $60,000, an element that suggests that the current correction could be coming to an end.
Hence, from my perspective if the current correction coming to an end, the following will be a favorable scenario for alternative cryptocurrencies, fundamentally a favorable scenario for tokens running on DeFi platforms.
In particular, I expect the RBS token native to the #RobiniaSwap platform to enter a growth zone, and while it may be somewhat fanciful the sideways price action that for more than two months now has developed in RBS, it is a good reason to think that it may present a big bounce to the upside.
It is worth noting that RBS pullbacks to the $0.15 area is not necessarily a bearish scenario, because this area can be an interesting support level that has somehow managed to add more liquidity providers.
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The cover image was designed by the author: @lupafilotaxia, incorporating image background: Source: Criptomonedaseico
