Upside Price Targets for the Cub Token

Over the past week the price of cub has looked to have bottomed out as price has pushed more than 50% higher to crack the 80 cent level.

With price on the move up it is only natural to look for potential upside targets based on prior price action.

Marking the next upside targets...

Looking at the chart above, let's first note it is a 4 hour timeframe. I looked at the daily chart first, but there were just no clear levels and targets that were any reasonable amount higher.

Thus I zoomed in for more clarity. On this time frame you can see a few blue trendlines drawn.

These represent points where we saw price either touch and fail several times or consolidate at before selling of aggressively.

Upside targets

Mind you, these are just the nearest ones as price works its way higher.

First is the 95 cent area which we can see was a point of resistance back in late May.

Second is the 1.05 area that saw price drop hard to it, consolidate for a while before failing to hold on and pushing lower.

Third we have the 1.33 area, which also represents an spot where price was consolidating and then sold off hard with from some whale selling. This is what @rollandthomas calls a supply zone, as it represents an area where there were and likely still may be sellers.

So there you have it, some upside targets for the price of cub. I hope we hit them all!

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