Recently, a company called WaBi (WABI on Coinmarketcap.com) successfully raised some funds through an ICO and its price rose from under $1 to over $5 within a month. However, its price has now come back down to about £1.20 which is just above its original price. This is probably due to the usual price behaviour after peaking but it could also be due to the recent market malaise in the Crypto space. The chart above shows that it is now testing its key support around $1.20 and I believe if it can move above its sloping downtrend line (preferably above $2.20), it should continue moving higher.
This ICO was reviewed by a couple of well-known uTubers (e.g.Ian Balina, Mike Vestil) who have pointed out that it is based on an existing business with some very good prospects. This can be assessed by yourself from the following video posted today by Mike Vestil where he interviews Wabi's CEO...
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DISCLAIMER: I'm not a financial adviser, nor a professional trader and nothing I say here is meant to be a recommendation to buy or sell any financial instrument. It is purely for educational purposes. Don't invest money you can't afford to lose. Always do your own due diligence before trading or investing.
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