EsTe 🐍

$SNEK / $ADA update: Now that $ADA structurally is in a good place, we can once again go back to monitoring our favorite CNTs. Let's start with the head honcho, $SNEK. 4 key things to note: 1. Despite the strong rally, RSI levels are currently middling, which is good. More room for more upside in the short term. 2. 1.618 is the usual destination for network based assets. That's around 0.013 $ADA (300+% from the recent bottom). If market sentiment continues to be very bullish, we may get here sooner than later. 3. Depending on WHEN we get there, they may be room for more upside. Looking at the 2.272 and 2.618 fib here, or 15-30x the price of $ADA. 4. Is it possible that $SNEK 30xs the price of $ADA from the recent lows? The critical thing here is the speed of when it gets there. This is possible if $ADA's middling around $1-3, harder to achieve if $ADA's around $6-10. As mentioned by @CardanoRami, $SNEK is leveraged $ADA. So why you want to get in here is accelerated gains. That means the expectation for $SNEK is to outperform $ADA significantly before the market fizzles out into the bear. Either way, if you're into CNTs, $SNEK is the first bag you should hold. Market leader, strong and loyal community, lots of whales willing to risk their fortunes because of $SNEK belief.