What a ride it’s been already! If you remember the last analysis from only two weeks ago, PARETO was trading around 530sats needing a 90% price increase to reach all time high status. It pretty much flew straight up since then and reached the predicted target in no time. Like mentioned before, the limited liquidity can be a big plus for early investors, as increased demand for coin like this makes the price fly straight up due to a lack of sellers. Anticipating further interest in the platform, combined with increased liquidity thanks to awareness growth and added exchange support, the liquidity problem is likely to solve itself in the near future. The downside here is that it can be quite hard to buy large amounts of PARETO. Nevertheless, daily trade volume already grew from $100.000 to about $500.000 daily. A very promising sign.

On a technical level, PARETO recently went through a well deserved pause since reaching the all time highs. Many traders were watching the consolidation triangle, anticipating further upside. Unfortunately, the early move upward quickly turned into a fake-out due to Bitcoin rallying to $9000 simultaneously — surprising many altcoin fans negatively. PARETO saw very strong support indicated by the cloud around 700 sats. A huge green volume candle from the lows indicate large accumulation and a helpful sign for anticipating trading ranges.

With the price currently above the green cloud again, hovering between the new lows and the alltime highs, consider PARETO a very strong buy between 700–1000sats. The RSI climbing back above 50 confirms our bullish bias.

Using Fibonacci Extensions, a new bullish breakout gives us a conservative target of around 1600 sats, and an optimistic (or longer term) target of around 2200 satoshi. At current BTC levels, we are talking about an anticipated market cap of $32M to $44M respectively, still a very reasonable valuation for a platform like this.