Technical analysis by vf_investment about Symbol DMAIL: Buy recommendation (5/28/2024)

DMAIL/USDT (Dmail Network)Sector: SocialFI / MessagingMarket Cap: 20MDmail is a recent project and its coin was launched is January 2024. The team is building a blockchain-based messaging service enabling users of different blockchains to communicate.The project is currently capitalized at 20M, with 19% of tokens in circulations, and inflation will be pretty high in the coming year, with 50% of the supply in circulation by May 2025.Graphically, the structure is encouraging: we have bounced back well on the support level we built and are noz on the verge of breaking above the ribbon of moving averages and the downtrend line that has been in effect for over a month.