The $ANDY token on the Ethereum network has experienced a significant decline, dropping 15% in the past 24 hours and 47% over the past seven days.
Despite this downturn, the token appears to be at an attractive entry price, with the potential to quickly bounce back from its current market cap of 70-80 million to 170 million.
$ANDY on $ETH is at a great entry price right now and could potentially bounce from 70-80mil to 170mil quickly
Since PA (price action) is moulded to Ethereum, if $ETH can hold a DB (double bottom) and bounce to the 200ema, $ANDY will see a lot of FOMO buys to pump the price back… pic.twitter.com/tvI64rBw0G
— Donny (@DonnyDicey) July 8, 2024
Historically, $ANDY has reached an all-time high market cap of 300 million, representing a 4.3x increase from the 70 million mark. Compared to other altcoins, $ANDY tends to recover much faster when the market flips bullish, making it an interesting option for investors looking for rebound opportunities.
On-chain reports indicate that insider 0x520ea, who bought 5.3 billion $ANDY just four days after its listing, sold part of his holding 14 hours ago. This wallet has realized profits of $281.63K, a 4865% return, and currently holds $219.4K in unrealized profits.
Whales Continue Acquiring $ANDY Token, Buying 5.93 Billion Worth Over $490K
Meanwhile, the overall sentiment among Smart DEX Traders remains bullish. Over the past seven days, they have accumulated 5.93 billion $ANDY, valued at approximately $490.2K. This accumulation suggests strong confidence in the token’s potential for recovery and growth.
Are you selling $ANDY, which's fallen -22% in the last 24hrs ?🤔
Image 1 shows Insider 0x520ea of $ANDY (bought 5.3B #ANDY after 4 days of listing) also sold part of his holding 14hrs ago.
History: Wallet 0x520e (https://t.co/WX9ZHW7LAs) has +281.63K realized profits (+4865%)… pic.twitter.com/0X7kxdbViR
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 8, 2024
In conclusion, despite the recent price decline, $ANDY presents a compelling entry point for investors. With a history of rapid recovery in bullish markets and positive sentiment from Smart DEX Traders, $ANDY could see significant gains if the market turns in its favor.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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