Technical analysis by TypicalTraders about Symbol PORTAL: Buy recommendation (11/27/2024)

✔️ GameFi Project: There’s a project ranked #369 on CoinMarketCap with a substantial following on Twitter—over 300K followers—which is a positive sign.Currently, 38% of tokens are unlocked, and by April, this number will increase to about 60%. Given market dynamics, this will undoubtedly drive distribution.✅ Let’s analyze the chart:The token is down -92.6% from its listing price, and accumulation has been ongoing for 108 days. The chart is strikingly similar to #AEVO, though AEVO is not a GameFi project but a decentralized exchange. Still, the price action is nearly identical.❗️ Both assets have seen similar exits from their downtrends and are now consolidating for 108 days.A pump is very likely. The first target for #PORTAL is $0.86, which represents a 136% gain. However, it’s rational to aim for slightly lower targets, such as a 120% take-profit.⁉️ Take note: While both assets have similar patterns, the percentage gains differ slightly due to AEVO’s higher liquidity, resulting in a +/- 20-40% variance.Targets are marked on the chart—take profits in parts and don’t hesitate!