Seedify Grew 100% in one Month

The price-tag of Seedify.fund (SFUND) has more than doubled during the past month. Is the fund-focused rising star set for greater gains? Read our technical analysis to find out our insights and what we expect may happen next.

4 hour time frame

SFUNDUSDT - 4 Hour Time Frame

The four-hour time frame shows that the bullish structure is currently in a correction phase. The closest stop for SFUND's price was around the $3.26 zone, which = corresponds to the so-called Order Block; the point when the Order Flow of the market has changed in the past.

The cryptocurrency's price has reacted positively to this zone and was able to form a follow-through bullish impulsive move, but before the actual decline, the price formed three equal lows, and market liquidity has been built below these levels.

Currently, the price shadow candle tested the Buyside Imbalance Sellside Inneficiency (BISI). Since the body of the candle remained above the BISI low, it means that the price is respecting this zone.

The Buyside Liquidity represents the nearest price target for market participants which seek to profit from their trades.

In case the price closes below the Order Block zone, a deeper correction will be expected and hence buying positions will be temporarily invalidated.