Veteran crypto trader Johnny (@CryptoGodJohn) believes the stage is set for 0X0 Network (0X0) to see significant upside in the near future. In a recent Twitter thread, Johnny laid out several reasons why 0X0 looks positioned for a major breakout.
What you'll learn 👉
Breaking Out After Lengthy Consolidation
First, Johnny points out that 0X0 is breaking out from a lengthy 150-day trading range it has been stuck in. This extended period of consolidation has allowed the price to establish a solid base and has tightened the trading range, setting the crypto up well technically for a high-probability rally.
With 0X0 already starting its leg up towards the $.20 level according to Johnny, follow-through and continuation of this emerging uptrend seem likely. From a technical perspective, 0X0 has the requisite pattern and indicators flashing green for substantial additional gains.
Catalysts + On-Chain Metrics Confirming Bullish Bias
In addition to its constructive price action, Johnny notes there are fundamental catalysts on the horizon that could turbocharge 0X0’s rally. Over the next few weeks and months, major developments for the network are expected to drive further adoption and visibility.
Furthermore, Johnny points out that on-chain metrics for 0X0 are painting an extremely bullish picture. Leading indicators like transaction volumes, active addresses, developer activity, and other network growth metrics all suggest considerable upside potential as 0X0 gathers momentum after its consolidation.
Conclusion: Keep 0X0 on Your Breakout Watchlist
In summary, as Johnny concludes, both technical and fundamental factors appear aligned for 0X0 Network to see significant gains as it breaks out from its multi-month trading range. With the first leg up underway and further upside expected, crypto investors and traders may want to keep 0X0 on their watchlists as this promising setup continues developing. The emerging uptrend shows no signs of slowing down yet.
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