RION Trend Analysis
Strong Support: $0.596 | 7-day Low, Retracement Bottom
Secondary Support: $0.65-0.70 | Fibonacci 38.2% Retracement
Near-term Resistance: $0.926
7-day +44.35% gain, currently indicating a strong uptrend
Recommended Entry: August 12-14, Current Price Range: $0.83-0.87
Target Price: $1.00
Stop-Loss: $0.75
Position Management: Build Positions in Phases, 40%+30%+30%
Recent Trends:
August 16: Trading King Competition Ends, $100,000 Prize Pool Distributed
August 22: Staking Phase 1 Ends, New Milestone Unlocked
Late August: Season-2 DRIPs Incentive Program Launches
Sell-off Risk: 20% team allocation and 8.1% investor allocation may lead to selling pressure upon unlocking
Competition Risk: Other Layer 1 DEX competition intensifies
Market Dependency: Highly dependent on the overall development of the Aptos ecosystem
*Investment involves risk. The above analysis is for reference only. Please make investment decisions based on your personal risk tolerance.*