Good day Hiveians!
Join me in analyzing the crypto markets!
KOIN(OS) is a thing right now
If you are on Twitter you might have seen the spike of interest in KOIN(OS) recently. Some big accounts are starting to pay attention
They also launched a partnership with 
Price is set to go up
I have long analyzed the chart for Koin and it's looking really good. The main reason for this is that price broke out of the macro resistance which has kept the price at lower levels. When we look at what happened in the past, this indicator clearly shows that price goes up after that. We get a retest of that trend line and then price moves upward:
My long term outlook is therefore very bullish for Koin. There could, however, be a longer consolidation phase at these higher price levels which could be a great entry point for newcomers.
Also keep in mind that the market cap of Koin is incredibly small. because of the low supply. Since only around 40% Koin has been claimed for the mainnet, it sits at just 18M(!) If all Koin would be claimed (100M) then the MC would sit at 73M. Even so, this is still incredibly low.
Since the fundamentals are extremely good and the technology Koinos is providing is novel (proof of burn, fee-less chain etc.) it is rather likely that we will see Koin at $10+ sometime in the future.
TA
Price has corrected to the support from the daily trend line at around 60 cents since the big pump. But the support has still not been broken (rising trend line). As long as price stays above it we can expect another significant increase in price. Personally I am thinking that it could reach ~$1.2. If price falls under this support, we will probably revisit the 50s area again where we have a macro support (black line). Overall price should probably stay within the 50-90 cents range for quite some time before new momentum builds up.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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