The native token of Polytrade, $TRADE, is gaining attention in the cryptocurrency market due to its recent price action and promising technical setup. CryptoBullet, a renowned analyst, highlighted the potential for long-term stability and growth through a detailed chart analysis on Twitter. The weekly chart for $TRADE/USDT shows an upward channel formed since 2022, with a recent retest of the lower channel boundary near $0.50. This aligns with the 21-week EMA, a key support level. CryptoBullet identified price targets at $6.60 and $11, supported by Fibonacci extension levels at 1.272 and 1.618, respectively. The Relative Strength Index (RSI) bouncing near its moving average confirms improved momentum and suggests further bullish price movement. Polytrade reported that 50% of its token supply is locked until December 2027, reducing circulating supply and supporting long-term price stability. Investors have viewed the recent price dip as a buying opportunity, with many expressing optimism about the upcoming price targets. The community anticipates $TRADE reaching the first target of $6.60 and potentially breaking past $11, as the ascending channel indicates consistent growth. Traders are closely monitoring whether $TRADE can meet its bullish targets, as Polytrade's locked supply strategy aligns with technical growth indicators.



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