Crypto Analyst Sees 1,200% Potential in ACM Token Surge
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A crypto analyst highlights ACM token’s bullish potential, projecting significant growth with technical confirmation above the EMA55. Fan tokens like ACM show promising long-term opportunities, emphasizing bottom-price accumulation for substantial gains. AC Milan Fan Token (ACM) is gaining traction in the crypto market, particularly following a recent analysis by prominent TradingView crypto analyst Alan Santana. Emphasizing its technical signs and possible returns, Santana’s insights suggest a noteworthy investor potential. ACM Token Gains Traction With Bullish Indicators and Long-Term Potential In his post, Santana underlined that ACM token is presently trading close to bottom prices, which he regards as the perfect starting point for investors hoping to profit from long-term development. “Low prices are good if you are buying, anticipating growth,” he cautioned against chasing high prices in writing. Source: Alan Santana on TradingView Santana notes that by closing above the EMA55 on the weekly chart, ACM has shown strong bullish signals, signaling a confirmed bullish bias. After this important degree of resistance has been overcome, near-term expectations of increasing momentum abound. Santana listed two main pricing targets: an ambitious $25 aim, implying a startling 1,200% possible upside, and a conservative $11 target with a possible gain of 465%. Although Santana notes the uncertainty over how fan tokens like ACM will behave in a bull market, he still stays hopeful and counsels caution. “We need to exercise caution,” he stated, urging investors not to overlook the significant potential for growth, even at relatively low levels. This analysis fits more general patterns in the fan token market. CNF has reported the big rally potential of JUV, another fan token, which was expected to generate returns of up to 2,350%. Technical signals for JUV, including RSI and MACD, have pointed to a trend reversal and accumulation at low prices—that is, bullish divergences. These…
Filed under: News - @ December 15, 2024 12:20 pm