Hello everyone! I'm excited to share a late-night gem that's shaping up to be the star of tomorrow’s moonshot watchlist: $OCTO (Eightco). Here's why I'm spotlighting this ticker. Communicated disclaimer, nfa.

Target Price: Aiming for $0.82, which would be a solid 15% climb from Monday's close.

Technical Breakdown:

1. Trend Analysis: $OCTO is showing a bullish pattern, with recent price upticks and robust trading volumes hinting at further increases if the market smiles our way.
2. Volume Confirmation: The surge in volumes accompanying price hikes underscores strong buyer interest, likely fueling continued upward momentum.
3. Moving Averages: Short-term averages (5-day, 10-day) cruising above the long-term ones (50-day, 200-day) paint a short-term bullish scenario.
4. Momentum Indicators:

• RSI: Positioned between 50 and 70, indicating healthy bullish momentum without creeping into the overbought zone.
• MACD: The MACD line’s ascent above the signal line reinforces the bullish vibe.

1. Support/Resistance Dynamics: The price is hovering above recent resistance-turned-support levels, enhancing confidence in a stable uptrend. The next resistance, and our target, sits snugly in the upper demand zone.

https://preview.redd.it/tyzj5j1feruc1.png?width=3161&format=png&auto=webp&s=6826cdb4775d89d0c8cb830886f48cc5a1ab45ff

This is just a teaser of what’s to come. Keep your eyes peeled for $OCTO and let’s discuss this more tomorrow! I'll have my watchlist, then, too!

Sources - 1, 2, 3, 4