Juno has a strongly bullish structure on the 4-hour chart after registering triple-digit percentage gains within 24 hours. The high trading volume was a sign of bullishness.
The market structure was also bullish after such a strong move. The CMF was at +0.35 to signal hefty capital inflow to the market, corroborated by the daily trading volume hike.
The MACD indicator signaled firm upward momentum and has not begun to weaken yet.
Market trends indicate that Juno could reach $1.574502 by the end of 2024, representing a potential increase of over 210%.
The total supply of Juno is capped at approximately 185 million tokens, which could enhance its value as demand increases.
Despite the risks, there are potential rewards for investors:
High ROI Potential: If Juno reaches its target price of $20, early investors could see substantial returns. Innovative Technology: Juno’s use of CosmWasm smart contracts positions it well for future growth. Strong Community Support: A dedicated community can help drive Juno’s adoption and value.
Analysis:
https://ambcrypto.com/juno-crypto-rallies-670-in-32-hours-can-the-bull-run-continue/ds
submitted by /u/JunoComms
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