๐ค Cheer for Your Idol ยท Gate Takes You Straight to Token of Love! ๐ถ
Fam, head to Gate Square now and cheer for #TokenOfLove# โ 20 music festival tickets are waiting for you! ๐ฅ
HyunA / SUECO / DJ KAKA / CLICK#15 โ Who are you most excited to see? Letโs cheer together!
๐ How to Join (the more ways you join, the higher your chance of winning!)
1๏ธโฃ Interact with This Post
Like & Retweet + vote for your favorite artist
Comment: โIโm cheering for Token of Love on Gate Square!โ
2๏ธโฃ Post on Gate Square
Use hashtags: #ArtistName# + #TokenOfLove#
Post any content you like:
๐ต The song you want to he
๐ LAYER/USDT Analysis (6H)
๐ป Technical picture:
Figure: descending wedge (bullish pattern) โ often signals a potential reversal upward.
Current price: $0.5836 (slight decrease -0.48%).
Resistance:
โ๏ธ $0.5959 (Ichimoku cloud).
โ๏ธ $0.6073 (MA99).
Support:
โ๏ธ $0.5611 (Ichimoku).
โ๏ธ $0.5326 (SAR).
Indicators:
โ๏ธ The price is trying to break out of the wedge upwards.
โ๏ธ MA7 and MA25 are almost crossing โ signal for growth upon consolidation.
โ ๏ธ The price is currently below MA99, the overall trend is bearish.
๐ Scenario:
Breakout and consolidation above $0.60 โ growth to $0.65โ$0.70.
Decline at $0.59 โ return to $0.56โ$0.53.
๐ Fundamental (Solayer)
โ๏ธ Protocol for restaking and liquid restaking on Solana.
โ๏ธ Users can stake SOL or LST โ earn income and support AVS (Actively Validated Services) and related solutions.
โ๏ธ The direction of restaking is one of the top topics (similar to EigenLayer in Ethereum, but for Solana).
โ๏ธ Support for Solana infrastructure makes the project promising against the backdrop of the growing DeFi and LST trend.
๐ Strengths:
Restaking + LST โ hot niche (high interest).
A strong Solana ecosystem, high speed, low fees.
โ ๏ธ Risks:
A young project, dependence on the Solana ecosystem.
High competition among restaking protocols.
๐ฅ Result:
Technically: the wedge gives a chance for a upward rebound upon breaking $0.60.
Fundamentals: a project on the hype trend (restaking), strong connection with Solana.
Participate in the competition to win attractive rewards
Join now: https://www.gate.com/activities/answer-earn/?ch=CoinQuestBORA&refUid=14376382