Is it too late to buy LEN? Len Sassaman Price Explodes 650% Amid Speculation He’s Satoshi Nakamoto, And This Could Be The Next Crypto To Explode

The price action of LEN/USD over a short period shows that the price started around $0.00000000000026, moving steadily and increasing, gradually to a peak of $0.000000000006449. According to data from GeckoTerminal, this gradual ascent represents strong buying momentum, pushing the price higher.

Eventually, the price reached a resistance level around $0.00000000009349, which currently acts as a barrier where buying pressure is countered by increased selling, causing the uptrend to stop. After this spike at the resistance level, the price fell sharply back to around $0.0164, suggesting strong selling pressure due to traders’ profit-taking.

Price has now found support around $0.00000000001441, leading to the formation of a double bottom pattern, which signals a potential bullish reversal, indicating that price has tested the support level twice and remained strong, suggesting the end of the downtrend and the possible beginning. of a new upward trend.

Following the double bottom trend, the price rebounded sharply to around $0.00000000003265, indicating that buyers returned, likely recognizing the double bottom as a buying opportunity.

Len Sassaman Price double bottom signals potential breakout, but RSI issues warning

There is a potential bullish continuation, with price expected to rally towards $0.00000000009349 or beyond if support around $0.00000000001441 holds. If the buying momentum continues, the price could break above the previous resistance level and move higher.

However, it is important to consider that the Relative Strength Index (RSI) is currently at 100, signaling extreme overbought conditions. This suggests that buying pressure has been very strong and that a pullback or correction could be likely before any significant upward movement. If the support level around 0.00000000001441 fails, the price could fall further to find a new support level.

Based on the double bottom pattern and strong rebound, there is a good chance that the price will continue to rise, potentially retesting the previous resistance at $0.00000000009349 and possibly reaching a new high in the coming days .

However, traders should be cautious due to the overbought level of the RSI and watch for signs of weakness, such as a bearish divergence in technical indicators, to determine if the uptrend will continue or if a correction is imminent.